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UPDATE 1-Volterra raises Q3 outlook

Thu Sep 10, 2009 6:59am EDT

Stocks

   

* Now sees Q3 adj EPS $0.18-$0.20

* Sees Q3 rev $29-$30 mln

Sept 10 (Reuters) - Volterra Semiconductor Corp (VLTR.O) raised its quarterly outlook, citing greater-than-expected demand for its integrated power products.

The low-voltage power supply chipmaker now expects third-quarter adjusted earnings of 18 cents to 20 cents per share, up from 11 cents to 16 cents per share projected earlier.

It raised its revenue forecast to about $29 million to $30 million, from $25 million to $28 million.

Analysts on average were looking for earnings of 15 cents a share, before items, on revenue of $26.9 million for the quarter according to Reuters Estimates.

Shares of the company closed at $19.34 Wednesday on Nasdaq. (Reporting by Mansi Dutta in Bangalore; Editing by Aradhana Aravindan)



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