The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TriQuint Semiconductor beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins shrank across the board.
TriQuint Semiconductor booked revenue of $227.0 million. The nine analysts polled by S&P Capital IQ expected a top line of $219.0 million. GAAP sales were 10% lower than the prior-year quarter's $253.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.07. The six earnings estimates compiled by S&P Capital IQ predicted $0.06 per share on the same basis. GAAP EPS of $0.03 for Q4 were 88% lower than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.5%, 950 basis points worse than the prior-year quarter. Operating margin was 3.4%, 1,500 basis points worse than the prior-year quarter. Net margin was 1.9%, 1,490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $907.7 million. The average EPS estimate is $0.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 605 members out of 622 rating the stock outperform, and 17 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give TriQuint Semiconductor a green thumbs-up, and one gives 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 $6.56.
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