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
The Federal Trade Commission (FTC) is in the process of sending out refund checks to consumers who were allegedly misled by Office Depot, Inc. and its software provider Support.com, Inc., into buying computer repair products and services. Out of $34 million, being the total amount of checks, Office Depot paid $25 million and Support.com paid $10 million as part of 2019 settlement. Gap Inc. partnered with fashion resale platform thredUP to facilitate the exchange of secondhand cloths. The retailer in a blog post said its customers can bring secondhand clothes in exchange for shopping credit that can be redeemed at Gap, Banana Republic, Athleta, or Janie and Jack. Customers who redeem their credits at Gap brands will receive an additional 15 percent payout bonus. Coca-Cola Co. (KO) on Friday reaffirmed its guidance for the full-year 2020 and provided an update on the expected impact from COVID-19 on first quarter 2020 results, ahead of its presentation at the Consumer Analyst Group of New York (CAGNY) Conference. For fiscal 2020, the company continues to project...
RELATED NEWS
Follow RTT
>