Standard Microsystems posts 1st-qtr loss as revenue slides, but outlook sends shares higher

Standard Microsystems posts 1st-qtr loss as revenue slides, but outlook sends shares higher

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Standard Microsystems post 1Q loss, lower sales
HAUPPAUGE, N.Y. — Chip maker Standard Microsystems Corp. on Thursday posted a first-quarter loss, reversing a year-ago profit, hurt by lower sales and a settlement charge.

For the three months ended May 31, the company posted a loss of $9.2 million, or 42 cents per share, down from a profit [...]

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