Tue. 14 May 2024, 5:18pm ET
Benzinga
News, Guidance
The company said the headwinds impacting second quarter mobile revenue are near-term, and expects a return to sequential growth in the second half of the year. For the second quarter, it anticipates non-GAAP gross profit margin to be between 50% and 52%.
The company said total revenue for the second quarter will be lower than previously anticipated primarily a result of the near-term headwinds in our mobile business.