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| Wednesday, June 21, 2006 |
Spansion Raises 2nd-Quarter Revenue Forecast to Range of $605 Million to $635 Million
SUNNYVALE, Calif. -- Spansion Inc., a maker of flash memory for electronic devices, on Tuesday raised its revenue projections for the second quarter to a range of $605 million to $635 million, from previous guidance of $590 million to $620 million.
Analysts polled by Thomson Financial expect $600.9 million in revenue for the quarter.
Spansion cited strong demand from the cellular phone, consumer and industrial markets.
Shares of Spansion rose 17 cents to close at $14.25 on the Nasdaq, before adding 53 cents, or 3.7 percent, to $14.78 in aftermarket activity. The stock has ranged between $11.71 and $18.59 over the past year. |
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