Digital Coin News

Monolithic Power forecasts weak quarter on semiconductor woes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Monolithic Power Systems forecast current-quarter revenue slightly below estimates on Monday, signaling weakness in some areas of the semiconductor industry, sending the company's shares down 4 per cent in after-market trading.Despite a boom from artificial intelligence (AI) applications, chip sales still

Monolithic Power Systems forecast current-quarter revenue slightly below estimates on Monday, signaling weakness in some areas of the semiconductor industry, sending the company's shares down 4 per cent in after-market trading.

The maker of circuit-level power solutions sees revenue between $464 million and $484 million for the quarter ending Sept. 30. The midpoint of the range came in below the $473.5 million estimate, according to Refinitiv data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kraken says all systems operational after issue with Ethereum funding gateway(Corrects to remove erroneous Refinitiv Instrument Code):Cryptocurrency exchange Kraken said on Sunday that issues with cryptocurrency Ethereum's funding gateway have been resolved. 'All systems operational,' Kraken said on its status page, without giving details on what caused the issue.Kraken
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »