Edition:
United States

Exar Corp (EXAR.N)

EXAR.N on New York Stock Exchange

12.98USD
4:02pm EDT
Change (% chg)

$0.00 (+0.00%)
Prev Close
$12.98
Open
$12.98
Day's High
$12.99
Day's Low
$12.98
Volume
181,536
Avg. Vol
112,072
52-wk High
$13.04
52-wk Low
$6.00

Latest Key Developments (Source: Significant Developments)

Maxlinear- Exar must pay Maxlinear termination fee of $24.8 mln
Wednesday, 29 Mar 2017 06:21am EDT 

Maxlinear Inc : Maxlinear- Exar must pay maxlinear termination fee of $24.8 million & reimburse maxlinear’s expenses up to $3 million upon termination of merger agreement .Maxlinear Inc - boards of directors of Maxlinear, merger sub, and Exar unanimously approved the terms of the merger agreement.  Full Article

Maxlinear to acquire exar in all-cash transaction
Wednesday, 29 Mar 2017 06:00am EDT 

Maxlinear Inc : Maxlinear to acquire Exar in all-cash transaction . Maxlinear to acquire Exar in all-cash transaction . Maxlinear inc - acquisition expected to be immediately accretive to non-GAAP eps and free cash flow . Maxlinear Inc - Maxlinear and Exar reaffirm previously announced revenue guidance for current quarter . Says Maxlinear has agreed to acquire Exar for $13.00 per share in cash . Maxlinear Inc - deal for approximately $700 million . Maxlinear Inc - deal's total value is approximately $700 million, or $472 million net of exar's cash acquired . Maxlinear Inc - total value is approximately $700 million . Maxlinear Inc - intends to fund transaction with cash from combined balance sheets and a $425 million term loan . Maxlinear Inc - as a result of combination, Maxlinear expects to realize annualized run-rate synergies of $15 million within 12 months of closing . Says transaction will be conducted by means of a tender offer . Maxlinear Inc - Exar reaffirms fiscal Q4 2017 guidance . Maxlinear - deal will be conducted by means of a tender offer for all of outstanding shares of common stock of exar, followed by a second-step merger . Maxlinear Inc - boards of directors of both companies have unanimously approved transaction . Maxlinear-Received support agreements from certain exar stockholders, directors, management totaling about 20pct of exar's common shares outstanding for deal.  Full Article

Exar Corp Q3 non-gaap EPS $0.07
Wednesday, 1 Feb 2017 04:05pm EST 

Exar Corp : Exar corporation announces fiscal 2017 third quarter financial results . Q3 non-gaap earnings per share $0.07 . Q3 sales $27.2 million versus I/B/E/S view $27.1 million . Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Q3 gaap loss per share $0.01 from continuing operations . Sees Q4 net sales $27.7 million, plus or minus $0.5 million . Sees Q4 gaap eps $0.00 to $0.03, sees Q4 non-gaap eps $0.07 to $0.09 . Q4 earnings per share view $0.08, revenue view $29.0 million -- Thomson Reuters I/B/E/S .Sees Q4 gaap gross margin 50.0 pct to 52.0 pct, sees q4 non-gaap gross margin 53.0 pct to 55.0 pct.  Full Article

Exar Corp sees Q2 non-gaap eps $0.07 to $0.09
Wednesday, 3 Aug 2016 04:05pm EDT 

Exar Corp : Exar corporation announces fiscal 2017 first quarter financial results . Q1 gaap earnings per share $0.15 from continuing operations . Q1 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Q1 gaap earnings per share $0.18 . Q1 non-gaap earnings per share $0.08 from continuing operations . Q1 sales $27.1 million versus i/b/e/s view $26.6 million . Q1 non-gaap earnings per share $0.08 . Sees Q2 net sales flat to up 3% sequentially . Sees Q2 gaap eps $0.00 to $0.02; non-gaap eps $0.07 to $0.09 . Q2 earnings per share view $0.08, revenue view $27.5 million -- Thomson Reuters I/B/E/S .Sees q2 gaap eps $0.00 to $0.02; q2 non-gaap eps $0.07 to $0.09.  Full Article

Exar signs agreement to sell iML subsidiary for $136 mln
Thursday, 2 Jun 2016 04:05pm EDT 

Exar Corp: Exar signs definitive agreement to sell its iML subsidiary for $136 million, net of cash . After reflecting iML as discontinued operation, Exar anticipates net sales in Q1 of fiscal 2017 to be in range of $26.1 million to $27.1 million . Purchase price for transaction is $136 million , net of cash acquired .After reflecting iML as a discontinued operation, anticipates Q1 adjusted net income per diluted share in range of $0.06 to $0.09.  Full Article

Exar corporation announces Ryan A Benton's appointment as new CEO
Tuesday, 31 May 2016 04:05pm EDT 

Exar Corp : Exar corporation announces Ryan A. Benton's appointment as new ceo . Keith Tainsky promoted to CFO . Benton will replace Richard L. Leza , interim president and chief executive officer .Richard l. Leza will assume role of executive chairman and technology advisor of Exar.  Full Article

Exar Corp Q4 loss per share $0.04
Wednesday, 11 May 2016 04:21pm EDT 

Exar Corporation Announces 2016 Fourth Quarter And Fiscal Year : Sees 2016 gaap revenues of $149.4 million decreased $12.7 million or 8% from $162.1 million . Sees 2016 gaap loss per share of $0.33 compared to a $0.95 loss per share for fiscal year 2015 . Sees 2016 non-gaap revenues of $151.9 million decreased $12.2 million or 7% . Sees 2016 non-gaap diluted earnings per share of $0.31 increased $0.02 per share from fiscal year 2015 . For 2017 q1 ending july 3, 2016 , company expects revenue to be up 7% to 12% sequentially . End financial results . Q4 non-gaap earnings per share $0.08 . Q4 loss per share $0.04 . Q4 revenue $36.8 million versus i/b/e/s view $38.4 million . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S .Sees q1 2017 non-gaap earnings per share $0.09 to $0.13.  Full Article

Exar Corp gives Q4 2016 outlook
Wednesday, 3 Feb 2016 04:06pm EST 

Exar Corp:Expects Q4 2016 revenue to be flat to up 5% sequentially, non-GAAP gross margin to be in the range of 47% to 49%, and non-GAAP EPS on a fully diluted basis to increase to the range of $0.08 to $0.10.  Full Article

Exar Corp gives Q3 2016 guidance; revenue guidance above analysts' estimates; gives FY 2016 guidance in line with analysts' estimates
Thursday, 5 Nov 2015 04:05pm EST 

Exar Corp:Expects Q3 2016 revenue to be flat to up 3% sequentially and non-GAAP EPS on a fully diluted basis to be in the range of $0.06 to $0.08.Expects FY 2016 non-GAAP revenue to be in the range of $153 million to $156 million and Non-GAAP EPS on a fully diluted basis to be in the range of $0.30 to $0.34.Reported revenue of $34.7 million in Q2 2016.Q3 2016 revenue of $38.7 million and EPS of $0.07 - Thomson Reuters I/B/E/S.FY 2016 revenue of $156 million and EPS of $0.31 - Thomson Reuters I/B/E/S.  Full Article

Exar Corp Announces Departure of President & Chief Executive Officer
Tuesday, 20 Oct 2015 08:30am EDT 

Exar Corp:Announces departure of president & chief executive officer and preliminary fiscal 2016 second quarter financial results.Board of directors has appointed Chairman of the board, Richard L. Leza, as interim president and Chief Executive Officer.Leza's appointment follows a mutual agreement by the company's board of directors and Louis dinardo that he will step down as CEO.Says preliminary second quarter fiscal year 2016 non-GAAP revenue of approximately $37 million and non-GAAP earnings per share of $0.06.Interim CEO leza will work closely with executive TEAM, board to oversee ongoing operations and strategic initiatives.Says board will immediately commence a search for a permanent replacement for the president and chief executive officer.Says leza will continue to serve as a member of the board of directors.  Full Article

More From Around the Web

BRIEF-Maxlinear- Exar must pay Maxlinear termination fee of $24.8 mln

* Maxlinear- Exar must pay maxlinear termination fee of $24.8 million & reimburse maxlinear’s expenses up to $3 million upon termination of merger agreement