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Microsemi Corp. Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Microsemi Corp. announced that it expects that for the second quarter of 2012, net sales will increase to between 1% and 5%, sequentially. On a non-GAAP basis, the Company expects earnings per diluted share (EPS) for the second quarter of 2012 to be $0.43 to $0.48. The Company reported revenues of $240.9 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $255.2 million for the second quarter of 2012.
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