Centillium Rises on Reaffirmed Guidance

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Updated from 9:59 a.m.

Centillium Communciations

(CTLM)

rose $2.59, or 22.5%, in early trading after the DSL integrated circuits maker reaffirmed guidance for the third quarter and said the outlook for the fourth quarter was strong.

The company said it expects to earn 8 cents a share on $46 million in revenue for the third quarter, in line with the consensus estimate.

Centillium said product orders for the current quarter have topped $30 million so far, and it expects the backlog to grow. More specific guidance on the fourth quarter will be provided in October during the third-quarter conference call, the company said.

After the close Friday, the company announced that CFO John Lutala had resigned and U.S. Air Force flight commander Darrel Slack was named as interim CFO.