Pericom Semiconductor (PSEM) Cuts Q1 Sales Guidance
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Financial Fact:
Income tax expense: 535K
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Pericom Semiconductor Corporation (NASDAQ: PSEM), a worldwide supplier of high-speed integrated circuits and frequency control products, today revised guidance for the first quarter of fiscal 2012 ending October 1, 2011.
Pericom now expects sales to be $35.0 to $36.0 million compared to previous guidance of $38.0 to $41.5 million. Gross margins and operating expenses are not expected to differ significantly from the previous guidance.
"We are seeing greater slowdown of ordering due to distributor inventory reduction efforts than previously anticipated," commented Alex Hui, President and CEO of Pericom.
Pericom now expects sales to be $35.0 to $36.0 million compared to previous guidance of $38.0 to $41.5 million. Gross margins and operating expenses are not expected to differ significantly from the previous guidance.
"We are seeing greater slowdown of ordering due to distributor inventory reduction efforts than previously anticipated," commented Alex Hui, President and CEO of Pericom.
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