Wednesday reiterated its previous guidance for the second quarter.
The company expects revenue to be flat to 3% down and also expects gross margin to increase 50 basis points to 100 basis points sequentially.
Analysts surveyed by Thomson First Call are expecting revenue of $403.23 million for the second quarter.
These forecasts reflect its move to a 13-week second quarter from a 14-week first quarter.
"Demand has been seasonally normal so far in the second quarter with the strongest order rates for products serving the industrial, communications and TV/display end markets," the South Potland, Maine-based company said.
The company's shares were trading at $17.09, up 11 cents Wednesday.
This story was created through a joint venture between TheStreet.com and IRIS.