The company reduced fourth quarter earnings guidance to $0.36 to $0.40 vs. the $0.46 consensus, down from $0.43-0.51 prior guidance. Revenue guidance was reduced to $3.19 billion to $3.33 billion consensus, versus the $3.406 billion Capital IQ Consensus Estimates, down from $3.26 billion to $3.54 billion prior guidance.
The reductions are due to broadly lower demand across a wide range of markets, customers and products, except for Wireless applications processors.






