Exar Falls After Warning

By TSC Staff ,

Exar (EXAR) was down 13.6% in preopen Island trading after it warned that first-quarter earnings would be just 2 to 4 cents per share, below the Thomson Financial/First Call estimate of 7 cents.

The communications chipmaker said it expects revenue to be 35% to 45% below fourth-quarter levels. Exar said demand continues to be weak and visibility remains limited.

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