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California Micro Devices Corp. Lowers 1Q Outlook.
M2 PRESSWIRE-29 June 2007-InvestorInstantMessaging: California Micro Devices Corp. Lowers 1Q Outlook(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:29062007
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Chip maker California Micro Devices Corp. said Thursday June 28, 2007 its fiscal first-quarter results will fall below its earlier expectations due in part to weak demand for its mobile phone protection products.
The company now expects to post a loss of 7 cents to 5 cents per share for the quarter ending June 30, or an adjusted net loss between 4 cents and 2 cents per share.
California Micro's prior outlook was for a loss between 6 cents and a penny per share, or adjusted results ranging from a loss of 2 cents per share to a profit of 2 cents per share.
The company now sees revenue between $12.6 million and $13.2 million, down from its earlier outlook of between $14 million and $17 million.
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Source: HighBeam Research, California Micro Devices Corp. Lowers 1Q Outlook.