TriQuint Semi beats by $0.02, beats on revs; guides Q4 EPS below consensus, revs below consensus (7.17 +0.29)
Reports Q3 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.09 and inline with preannouncement of $0.09-0.11; revenues fell 8.9% year/year to $216 mln vs the $212.4 mln consensus and ahead of preannouncement of $210-215 mln. Co issues downside guidance for Q4, sees EPS of $0.06-0.08, excluding non-recurring items, vs. $0.13 Capital IQ Consensus Estimate; sees Q4 revs of $215-225 mln vs. $229.66 mln Capital IQ Consensus Estimate. “TriQuint’s long term growth story remains intact. Mobile broadband and high performance RF are some of the most exciting growth markets in the world today. At TriQuint we are helping customers define the next generation of RF solutions. Additionally, we are investing in the capacity and capability required for future growth. I firmly believe these investments will lead to superior and sustainable long term financial performance for the company.”
