Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
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 Micrel (NASDAQ: MCRL ) jumped temporarily this morning, up by as much as 10% before giving back nearly all of those gains, following first-quarter earnings.
So what: Revenue in the quarter was $59.7 million, with non-GAAP net income per share of $0.11. The results were mixed relative to expectations, since the Street was modeling for $61.2 million in sales and $0.07 per share in adjusted profit. Investors may have initially rallied at the earnings beat, but cautious comments put a damper on the optimism.
Now what: CEO Ray Zinn acknowledged that the company continues to face macroeconomic challenges, with weakness in the computing and communications end markets. Growth in the consumer end market only partially offset the headwinds. Micrel expects second-quarter sales to increase 2% to 6% sequentially, with gross margin expected in the range of 51% to 52%. Earnings per share should be $0.07 to $0.09, meaning the company will have to hit the high end to match the consensus estimate.
Interested in more info on Micrel? Add it to your watchlist by clicking here.
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.