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Article: INTEGRATED CIRCUIT SYSTEMS, INC. ANTICIPATES FISCAL 1996 THIRD QUARTER RESULTS WILL REFLECT ORDER SLOWDOWN
- Article from:
- PR Newswire
- Article date:
- March 4, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VALLEY FORGE, Pa., March 4 /PRNewswire/ -- Integrated Circuit Systems, Inc. (Nasdaq: ICST) today announced the Company currently expects that revenues for the third quarter, ending March 31, 1996, will be significantly lower than the prior quarter, and that earnings per share for such quarter could at best be minimal.
The Company, in previously reporting second quarter earnings for the period ended December 31, 1995, indicated that an order slowdown by one of its major customers in its FTG business could have a material adverse impact on earnings during the third quarter of fiscal 1996 and the near term. The slowdown has continued into the third quarter, as the ...