Dialog Semiconductor: COVID-19 will impact Q1
(CercleFinance.com) - On Wednesday Dialog Semiconductor announced Q4 2019 net profit of 44.
8 million dollars, down 23% from 57.9 million dollars in Q4 2019.
Operating profit reached 53.7 million dollars, compared with 77.1 million dollars in Q4 2018, Sales were also down over the period, reaching 380.6 million dollars, against 430.7 million dollars the previous year.
Regarding its outlook for Q1 2010, Dialog Semiconductor announces that it expects revenues of between 220 million and 250 million dollars, down from 295 million dollars the previous year. Indeed, the coronavirus epidemic is at issue, impacting both its subcontractors and demand in China.
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