Dialog Semiconductor Raises Second-Quarter Profit Outlook

www.oann.com | 8/15/2016 | Staff
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FRANKFURT (Reuters) – Anglo-German chip designer Dialog Semiconductor on Wednesday raised its second-quarter earnings outlook, citing strong revenue and gains from a transfer of assets to iPhone maker Apple.

Dialog shares were expected to open 4.3% firmer.

Company - Profit - Operating - Profit - Quarter

The company said it expects operating profit of $216 million and underlying operating profit of $82 million in the quarter, adding that it also expects revenue at 1% over the high-end of the guidance range posted in May.

The operating profit includes $28 million in one-offs, including $16 million on the transfer of assets to Apple and $12 million from non-recurring engineering contracts.

Dialog - Deal - April - Programmers - Patents

Dialog completed a $600 million deal in April to transfer programmers and patents...
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