This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ420VS_L.jpg
The company forecast revenue between $8.1 billion and $8.9 billion. Analysts polled by Refinitiv expected revenue of $9.14 billion.
It expects adjusted earnings per share to be between $1.70 and $1.90, compared to analysts expectations of $2.16.
The company said its forecast includes the “continued impact of the macroeconomic headwinds, weaker global handset units and channel inventory drawdown”.
It also said a larger-than-normal sequential decline in its chip revenue forecast was mainly due “to the timing of purchases by a modem-only handset customer”.
The company forecast revenue for the segment to be between $6.9 billion and $7.5 billion.
