Product category:
Communications ICs (Wired)
News Release from: Tundra Semiconductor
Edited by the Electronicstalk Editorial
Team on 23 September 2003
Improved performance raises guidance
Tundra Semiconductor has revealed that it expects to exceed the financial guidance it delivered on 27th August 2003 for Q2 fiscal year 2004.
Tundra Semiconductor has revealed that it expects to exceed the financial guidance it delivered on 27th August 2003 for Q2 fiscal year 2004 Tundra now projects that its second quarter revenue will grow by approximately 30% over its Q1 revenues, compared with the original guidance of 5-15%
This article was originally published on Electronicstalk on 25 May 2001 at 8.00am (UK)
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"Last quarter we achieved 22% sequential revenue growth", said Jim Roche, President and CEO.
"Today we are thrilled to be able to project 30% sequential revenue growth for Q2.
Orders for our products have increased across the board".
"In Q2 we expect our pro forma earnings per share will be approximately $0.08 to $0.09", said Norm Paquette, Chief Financial Officer "This 100% growth projection compares very favourably to pro forma earnings per share of $0.04 in Q1".
Tundra has not changed any other stated guidance.
The second quarter closes on 2nd November and the financial results will be released on, or about 3rd December 2003.
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