DSP Group Updates Fourth Quarter Financial Guidance; Guides Q4 Revenue $34-38M High End vs $36.38M Est
DSP Group^, Inc. (Nasdaq: DSPG), will release its earnings results for the fourth quarter of 2011 on February 1^st, 2012 before the market opens.
In conjunction with its earnings release, the Company updated its financial guidance for the fourth quarter of 2011.
The following estimates are based on the current business outlook:
o Net Revenue: Previously provided guidance for fourth quarter revenues in a range from $34 to $38 million. Guidance now increased to the high end of that range to approximately $38 million for the fourth quarter and bringing total revenues to a level of approximately $194 million for full year 2011. o Operating Loss and Net Loss on a non-GAAP basis: Expected to be lower than previously estimated due to higher revenues.
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