Actions Semi (ACTS) Rips Higher Following Boosted Outlook
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Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), has ripped higher following it's raised third-quarter revenue outlook. Shares are up 10 percent in after-hours trading Tuesday.
Again, from the release: "For the third quarter of 2011, Actions expects to report revenue in the range of $15.0 million to $15.5 million and gross margin of approximately 40%. The company's previous guidance was for the third quarter revenue to be in the range of $12.0 to $13.0 million and gross margin of approximately 40%."
Again, from the release: "For the third quarter of 2011, Actions expects to report revenue in the range of $15.0 million to $15.5 million and gross margin of approximately 40%. The company's previous guidance was for the third quarter revenue to be in the range of $12.0 to $13.0 million and gross margin of approximately 40%."
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