Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



International Rectifier Shares Plunged: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: International Rectifier (NYSE: IRF  ) dropped 24% in intraday trading today after issuing a disappointing earnings report and outlook.

So what: Non-GAAP EPS of $0.37 dropped 10% year over year, and fell well short of the $0.51 consensus estimate. GAAP EPS of $0.55 reflected an atypical tax benefit, and dropped from $0.69 in the year-earlier quarter. Revenue of $317 million grew 20% year over year.

Now what: For the current quarter, management said it expects revenue of $290 million to $310 million, below the consensus forecast of $320 million, and growth of only 3% to 10% year over year. The CEO stated that, "While the current environment may be uncertain, we believe we are in the right markets with the right technologies and are confident in our long-term growth potential." In other words, results may stink in coming quarters, but eventually the company should grow again.

Interested in more info on IRF? Add it to your watchlist by clicking here.

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1540547, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:15:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,144.41 49.58 0.27%
S&P 500 2,154.82 8.72 0.41%
NASD 5,282.51 25.02 0.48%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
IRF.DL $0.00 Down +0.00 +0.00%
International Rect… CAPS Rating: No stars