Dialog Semiconductor Expects Higher Than Anticipated Profitability In Q2
Dialog Semiconductor Plc (DLGNF.PK,DLGS) reported that its preliminary IFRS second quarter revenue rose 16 percent to $296 million and its operating profit increased 31% to $26 million. On underlying basis, operating profit increased 33% to $42 million.
The company said it expects higher than anticipated profitability in the second quarter of 2018. The company expects operating profit of $26 million and underlying operating profit of $42 million.
The company now expects second quarter gross margin of 48.0% and underlying gross margin of 48.3%. The favourable movement was mostly driven by manufacturing cost efficiencies partially offset by product mix, the company specified.
by RTTNews Staff Writer
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