The 10-second takeaway
For the quarter ended March 31 (Q1), TriQuint Semiconductor met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins dropped across the board.
TriQuint Semiconductor reported revenue of $216.7 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $214.6 million on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $224.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. GAAP EPS of $0.01 for Q1 were 86% lower than the prior-year quarter's $0.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.4%, 960 basis points worse than the prior-year quarter. Operating margin was 0.6%, 1,090 basis points worse than the prior-year quarter. Net margin was 0.9%, 460 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $178.7 million. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $819.6 million. The average EPS estimate is -$0.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 608 members out of 625 rating the stock outperform, and 18 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give TriQuint Semiconductor a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is hold, with an average price target of $6.84.
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