Supertex Sees Q4 Net Sales of $16.2-16.5M vs $14.07M Est
Supertex, Inc. (NASDAQ: SUPX) today announced that it expects net sales for the fourth fiscal quarter, ended March 31, 2012, to be in the range of $16,200,000 to $16,500,000. This represents a sequential increase of 15.2% to 17.3% from the third fiscal quarter sales of $14,066,000, and an approximately 16% increase over the previous flat sales guidance.
Gross margin is expected to be 45% to 48%, higher than the third fiscal quarter gross margin of 38% and the prior guidance of the low 40% range, primarily due to higher than anticipated sales.
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