This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Volterra Provides Financial Update And Schedules Earnings Release And Conference Call For January 24, 2011

FREMONT, Calif., Jan. 6, 2011 (GLOBE NEWSWIRE) -- Volterra Semiconductor Corporation (Nasdaq:VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, today provided a financial update for the fourth quarter ending December 31, 2010.

The company announced that it expects fourth quarter net revenue in the range of approximately $35.4 million to $35.6 million, lower than the company's previous outlook range of $37 million to $40 million. The middle of the updated revenue range would bring Volterra's full year 2010 net revenue to $153.6 million, representing 46% growth from the prior year and Volterra's tenth consecutive year of revenue growth.

"The customer inventory correction we experienced in the fourth quarter with our major customers in communications, server and storage markets was deeper than originally expected," said Jeff Staszak, Volterra's President and CEO. "Recent order activity indicates normal seasonality in the first quarter of 2011 with the exception of our notebook business which will be up sequentially. Going forward Volterra remains well-positioned with excellent visibility on continued market share gains as notebook and server platforms launch."

As a result of the updated revenue outlook the company now expects fourth quarter non-GAAP diluted earnings per share in the range of approximately $0.20 to $0.22, lower than the company's previous range of $0.24 to $0.31. Volterra's full year 2010 non-GAAP diluted earnings per share at this updated level would be in the range of $1.34 to $1.36, representing approximately 100% growth from the prior year.

No conference call will be held in conjunction with this press release. Additional commentary will be provided when the company issues its financial results for the December quarter on Monday, January 24, 2011. Jeff Staszak, President and CEO, and Mike Burns, Vice President of Finance and CFO, will host a conference call, which is open to all investors, following the issuance of its earnings release.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs