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What: Shares of semiconductor company Mellanox Technologies
So what: Revenue jumped 59% to $63.3 million in the second quarter and adjusted earnings per share were $0.27, topping estimates of $0.21 from analysts. The company has now integrated its Volaire acquisition into operations, which accounts for some of the increase in sales.
Now what: Mellanox continues a consistent string of beating earnings expectations this quarter. But before adjusting for "one-time" charges -- like stock options, for example -- earnings per share were only $0.06, which looks much less impressive. The company is rewarding its employees with most of the financial benefits, and that leaves me a little less excited about buying after today's earnings announcement.
Interested in more info on Mellanox Technologies? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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