logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Berkshire Hathaway Inc. (BRK.A, BRK.B) announced Wednesday that its CEO billionaire Warren Buffett contributed about 15.97 million "B" shares of Berkshire, valued at about $2.9 billion, to five philanthropies on Tuesday. The shares were given to the following foundations: Bill and Melinda Gates Foundation,... India-based Lupin Pharmaceuticals Inc. announced a recall of all batches of type 2 diabetes medication Metformin Hydrochloride Extended-Release Tablets, citing detection of N-Nitrosodimethylamine or NDMA, a probable human carcinogen. The move comes after many other drug companies called back Metformin tablets after the U.S. Food and Drug Administration or FDA recommended over NDMA concerns. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that the current state of the COVID-19 pandemic in the U.S. is "really not good." The U.S. is the country worst-affected by the coronavirus and has recently seen a surge in coronavirus infections as lockdown restrictions are eased.
Follow RTT