NSM,
National Semiconductor Raises Revenue Outlook for Q2; Sequential Growth Now Expected to Range from 7% to 10%
PR Newswire - November 04, 2003 20:12
SANTA CLARA, Calif., Nov 4, 2003 /PRNewswire-FirstCall via COMTEX/ -- National Semiconductor Corporation (NYSE: NSM) today raised its revenue outlook for the second quarter of fiscal year 2004, which ends November 23, 2003. The Company's revised expectation is for Q2 revenue to grow 7 to 10 percent from Q1 revenue of $424.8 million. National's guidance at the beginning of the quarter was for Q2 revenues to increase by 4 to 7 percent sequentially.
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"Turns orders have come in stronger than anticipated in our original guidance," said Brian L. Halla, National's chairman, president and CEO. "We began this quarter with a solid backlog position and order rates have continued to be strong across a number of our product lines, especially in areas such as power management and wireless."
National's second quarter financial announcement and conference call are scheduled for December 4, 2003, at which time the company will discuss results in more detail as well as the outlook for the third quarter of fiscal 2004. |
