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 Peregrine Semiconductor (UNKNOWN: PSMI.DL ) have skyrocketed today by as much as 14% after the company reported earnings.
So what: Revenue in the second quarter came in at $52.4 million, which translated into non-GAAP earnings per share of $0.03. Both results easily bested consensus estimates, which were calling for $49.2 million in revenue and an adjusted loss of $0.02 per share.
Now what: CEO Jim Cable said the company's newest RF products that support carrier aggregation on LTE-Advanced networks are performing well, and Peregrine recently inked a multiyear sourcing agreement with Murata. The company is positioned to expand beyond the handset market and address the wireless infrastructure market, among others. Third-quarter sales are expected in the range of $58 million to $62 million, with gross margin of 42% to 44%.
Interested in more info on Peregrine Semiconductor? 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 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.
RSS Headlines
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 icon found on every comment.
Be the first one to comment on this article.