Skip to main content

Market Overview

Inphi Cuts Q2 Guidance, Cites Huawei Ban

Inphi Cuts Q2 Guidance, Cites Huawei Ban

Inphi Corporation (NYSE: IPHI) reduced its second-quarter earnings and sales guidance Wednesday as a result of the U.S. ban on American companies selling technology to the Chinese company Huawei. 

Second-quarter revenue is now expected to be down 5 percent from previous guidance, Inphi said in a press release. 

Inphi cut second-quarter sales guidance from a range of $86.8 million to $90.8 million vs. an $88.7-million estimate.

The company's adjusted EPS guidance was lowered from a range of 34-44 cents to 28-38 cents vs. a 38-cent estimate. 

Inphi shares weer tradin up by 5.49 percent at $43.20 at the time of publication Wednesday. 


Related Articles (IPHI)

View Comments and Join the Discussion!

Posted-In: HuaweiNews Guidance

Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at