"Compared to the mid-point of previous guidance, revenues at the Chartered level are now expected to be up approximately $8 million. Consistent with higher revenues, our fourth-quarter net profit is now expected to be approximately $6 million higher than the mid-point of the range previously guided. Our guidance for utilization remains unchanged," said George Thomas, senior vice president and CFO of Chartered, in a statement.

Back in October, Chartered originally projected an improved picture for Q4. Sales were originally projected to hit $359 million, plus or minus $4 million, up 22-to-25 percent from Q3.

The company was projected to report a profit of $10 million in the quarter, plus or minus $5 million. Fab capacity utilization is projected to hit 79 percent, plus or minus 2 percent.

By: DocMemory
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