Why Volterra Semiconductor Shares Plunged

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: Shares of Volterra Semiconductor (NASDAQ: VLTR  ) plunged today by as much as 11% after the company reported earnings.

So what: Sales in the fourth quarter added up to $40.3 million, resulting in net income of $4.6 million, or $0.18 per share. On a non-GAAP basis, net income came out to $7.1 million, or $0.28 per share. Both sales and adjusted earnings topped consensus estimates.

Now what: Full-year sales totaled $168 million and adjusted earnings per share were $1.24. CEO Jeff Staszak said 2012 was the company's 12th consecutive year of revenue growth and ninth consecutive profitable year. The company also acquired Element Energy, a small start-up that specializes in battery technology, for an unspecified amount. Investors are possibly skeptical about the acquisition.

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


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  • Report this Comment On January 24, 2013, at 11:14 AM, will1946 wrote:

    Thank you for confirming what I was marvelling at yesterday: there really was no reason why a company which beats on both ends should not RISE 12%, instead of absurdly FALLING that amount.

    As far as the new acquisition is concerned, how could it be bad? Most acquisitions are considered good.

    Another ludicrous wall street thump.

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