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Dialog Semiconductor Lifts Q2 Profit, Revenue View

Dialog Semiconductor Plc (DLGNF.PK) said that it now sees higher-than-anticipated profitability and revenues in the second quarter.

Operating profit for the quarter would be about $216 million and underlying operating profit would be about $82 million.

Operating profit and underlying operating profit were higher than anticipated mainly as revenue is expected to be 1% over the high end of previously issued guidance range.

For the quarter, the company now expects IFRS revenue of approximately $482 million and underlying revenue of approximately $336 million.

The company previously expected IFRS revenue range of $438 million to $478 million and underlying revenue range of $293 million to $333 million.

Dialog Semiconductor will publish its results for the quarter on July 30.

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