Exar Corp. (EXAR) Reports In-Line Q2 EPS

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Exar Corporation Announces Second Quarter Fiscal Year 2016 Financial Results

November 5, 2015 4:06 PM EST

FREMONT, Calif., Nov. 5, 2015 /PRNewswire/ -- Exar Corporation (NYSE: EXAR) a leading supplier of analog mixed-signal semiconductor components and system solutions serving the industrial, high-end consumer and infrastructure markets, today announced financial results for the Company's second fiscal quarter of 2016, which ended on September 27, 2015. 

Richard Leza, Exar's chairman and interim president and CEO, commented, "As expected, while the September quarter was challenging with weakness persisting in China, we delivered solid non-GAAP results within our revenue and EPS expectation ranges. Non-GAAP gross margin was adversely affected by softness within our Industrial... More