Brief: Everspin Revises Second Quarter 2019 Guidance

EverSpin Technologies

28/06/2019 13:46

June 28 (Reuters) - Everspin Technologies Inc  MRAM.O :
    * EVERSPIN REVISES SECOND QUARTER 2019 GUIDANCE
    * SEES Q2 2019 REVENUE $8.3 MILLION TO $8.5 MILLION
    * REVISED Q2 GUIDANCE REFLECTS LOWER THAN EXPECTED TOGGLE
MRAM
SALES
    * EVERSPIN-REVISED Q2 OUTLOOK REFLECTS LOWER THAN EXPECTED
TOGGLE
MRAM SALES ALSO DUE TO REDUCTION IN TURNS BUSINESS WITH
DISTRIBUTORS OCCURRED LATE IN QUARTER
    * Q2 REVISED GUIDANCE REFLECTS LOWER THAN EXPECTED TOGGLE
MRAM
SALES DUE TO ONGOING SLOWDOWN IN CHINA MANUFACTURING

Source text for Eikon:  ID:nBw1LWSc5a 
Further company coverage:  MRAM.O 

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