O2Micro (OIIM) Warns for Q2
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O2Micro International Limited (Nasdaq: OIIM) lowers second quarter guidance.
The company sees revenue of $27.9 million to $28.5 million, versus previous guidance of $30.3 million to $31.8 million. The consensus is $31 million. In addition, gross margin for the second quarter is now expected to be 55% to 56%.
O2Micro said the reduction in anticipated revenue for the second quarter is primarily the result of broad-based weakness in demand in our end markets.
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The company sees revenue of $27.9 million to $28.5 million, versus previous guidance of $30.3 million to $31.8 million. The consensus is $31 million. In addition, gross margin for the second quarter is now expected to be 55% to 56%.
O2Micro said the reduction in anticipated revenue for the second quarter is primarily the result of broad-based weakness in demand in our end markets.
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