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What: Shares of InvenSense (INVN) have popped today by upwards of 14% after the company reported earnings.
So what: Revenue in the fiscal first quarter totaled $55.9 million, with adjusted earnings per share of $0.14. Both figures topped consensus estimates, which were calling for $54.4 million in revenue and $0.12 per share in adjusted profit.
Now what: CEO Behrooz Abdi said the company's design win activity has "never been stronger." InvenSense shipped a record number of units last quarter and sales were up 43%. Abdi expects the good times to keep on rolling, saying the third quarter should see unit volumes and revenue grow sequentially to hit new records again.
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