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Micrel Inc Issues Q3 2013 Guidance Below Analysts' Estimates

Thursday, 25 Jul 2013 04:05pm EDT 

Micrel Inc announced that based upon current inventory levels and demand estimates, Micrel projects third quarter 2013 revenue growth will be in the range of flat to plus 5% on a sequential basis. In addition, the Company estimates that third quarter 2013 GAAP net income will be approximately $0.07 to $0.09 per diluted share. The Company reported revenue of $59.17 million in the second quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $65.15 million and EPS of $0.10 for the third quarter of 2013. 

Company Quote

-0.07 -0.47%
9:30am EST