Chipmaker CSR has had a tough year on the stock market and today it has echoed rivals in warning that squeezed consumers are affecting orders from its customers.
But it also had some positive news, confirming the development of a bluetooth-wifi combination chip. The market seems to have take some comfort from that and the shares are up 13.1p, or 7.1%, at 197.3p, making them one of the biggest gainers in the midcap market. They are, however, down 45% from the start of the year.
In third quarter results the Cambridge-based business said it expected fourth-quarter revenue to be between $230m and $250m, slightly below consensus forecasts of $255m, according to a Reuters poll.
On the outlook, the company added:
As with other semiconductor industry companies, we are seeing cautious order patterns.
