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Article: Conexant Exceeds Guidance for Fourth Quarter of Fiscal 2009.(Company overview)
- Article from:
- Electronics Newsweekly
- Article date:
- November 11, 2009
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Conexant Systems, Inc. (NASDAQ: CNXT) announced that financial results for the fourth quarter of fiscal 2009 exceeded the guidance provided at the beginning of the quarter. The company also said that its imaging and audio businesses grew 18 percent on a sequential basis and accounted for 58 percent of total revenues. Fourth Fiscal Quarter Financial Results Conexant presents financial results based on Generally Accepted Accounting Principles (GAAP) as well as select non-GAAP financial measures intended to reflect its core results of operations. The company believes these core financial measures provide investors with additional insight into its underlying operating results. ...