Recs

0

Flash Memory Provider Spansion Lowers Guidance

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Based on a review of "preliminary financial results," embedded systems solutions provider Spansion (NYSE: CODE  ) has lowered its second quarter 2013 revenue and earnings guidance, the company announced today.

Spansion's Q2 revenues, scheduled to be released "on or around July 31, 2013," were expected to range between $200 million and $220 million. However, due in large part to market weakness in Japan, according to Spansion, revenue expectations have been revised downward, and should fall between $193 million to $197 million for the quarter.

Non-GAAP, second quarter earnings estimates are now expected to range from $0.25 to $0.27 per share, as opposed to earlier guidance suggesting Spansion's Q2 earnings per share would fall between $0.16 and $0.23. The revised earnings for the recently concluded quarter are adjusted for "two one-time items related to foreign exchange and taxes that add approximately $0.10 to earnings per share," Spansion said.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2535213, ~/Articles/ArticleHandler.aspx, 7/31/2015 11:21:50 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Tim Brugger
timbrugger

Tim has been writing professionally for several years after spending 18 years (Whew! Was it that long?)in both the retail and institutional side of the financial services industry. Tim resides in Portland, Oregon with his three children and the family dog.

Today's Market

updated Moments ago Sponsored by:
DOW 17,750.76 4.78 0.03%
S&P 500 2,111.48 2.85 0.14%
NASD 5,148.40 19.62 0.38%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
CODE $0.00 Down +0.00 +0.00%
Spansion Inc CAPS Rating: **

Advertisement