Chip designer Mindspeed affirms 3rd-quarter revenue forecast
By APWednesday, June 2, 2010
Mindspeed affirms 3Q revenue forecast
NEWPORT BEACH, Calif. — Chip designer Mindspeed Technologies Inc. reiterated the revenue estimate for its fiscal third quarter that the company gave in April.
For the three months ending in June, Mindspeed expects revenue of $42.3 million to $43.9 million, up 5 percent to 9 percent from the quarter before.
On average, analysts expect $43.1 million, according to Thomson Reuters.
The company said it is experiencing record backlog levels for the third quarter and consistent backlog levels for the fourth quarter.
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