The 10-second takeaway
For the quarter ended Sep. 29 (Q3), TriQuint Semiconductor met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
TriQuint Semiconductor recorded revenue of $200.8 million. The 13 analysts polled by S&P Capital IQ predicted a top line of $200.4 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $216.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.00 per share. GAAP EPS were -$0.07 for Q3 compared to $0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.7%, 420 basis points worse than the prior-year quarter. Operating margin was -2.7%, 1,010 basis points worse than the prior-year quarter. Net margin was -5.6%, 1,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $219.8 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $814.9 million. The average EPS estimate is -$0.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 586 members out of 603 rating the stock outperform, and 17 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give TriQuint Semiconductor a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is hold, with an average price target of $5.83.
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