TriQuint Semiconductor Beats on Both Top and Bottom Lines

TriQuint Semiconductor (Nasdaq: TQNT  ) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TriQuint Semiconductor beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank to a loss.

Margins shrank across the board.

Revenue details
TriQuint Semiconductor booked revenue of $233.6 million. The 13 analysts polled by S&P Capital IQ looked for net sales of $222.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.04. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were -$0.02 for Q4 compared to $0.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.3%, 20 basis points worse than the prior-year quarter. Operating margin was -1.5%, 520 basis points worse than the prior-year quarter. Net margin was -1.6%, 350 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $205.3 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $888.5 million. The average EPS estimate is $0.17.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 574 members out of 589 rating the stock outperform, and 15 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give TriQuint Semiconductor a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is outperform, with an average price target of $5.67.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere


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