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News Breaks | | | | January 28, 2013 | | 16:05 EDT |  | IRF | International Rectifier sees Q3 revenue $220M-$235M, consensus $230.19M
The company said, “Order trends are starting to improve across all of our end markets with the exception of computing. As a result, we currently expect revenue to range from $220M-$235M. Gross margin is expected to be between 22% and 23% mainly due to low factory utilization and the continued reduction of our inventory. The market indicators are showing encouraging signs that a bottom has formed and demand is slowly starting to improve. As demand returns into the summer, we would expect positive momentum from rising utilization, increasing turns and improving product mix." | |
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