UPDATE 1-Melexis Q2 sales beat forecast, takes CDO hit


* Q2 sales fall 45 pct to 28.2 mln euros, beats forecast * Takes financial hit on CDO portfolio, deepening loss * Reconfirms sales outlook range for 2009 * Says will not pay interim dividend (Adds details, background) BRUSSELS, July 30 (Reuters) - Belgian chip specialist Melexis reported a 45 percent year-on-year fall in second-quarter revenue on Thursday, above expectations, but swung to a loss after writing off its credit portfolio. Melexis, whose semiconductors for example ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Melexis Q2 sales beat forecast, takes CDO hit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Nov 21, 2016

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More


Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×