The 10-second takeaway
For the quarter ended March 30 (Q1), TriQuint Semiconductor met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
TriQuint Semiconductor booked revenue of $184.2 million. The 11 analysts polled by S&P Capital IQ expected net sales of $185.7 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $216.7 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 -$0.17. The 12 earnings estimates compiled by S&P Capital IQ anticipated -$0.13 per share. GAAP EPS were -$0.17 for Q1 compared to $0.01 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 21.0%, 790 basis points worse than the prior-year quarter. Operating margin was -18.8%, much worse than the prior-year quarter. Net margin was -15.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $192.7 million. On the bottom line, the average EPS estimate is -$0.09.
Next year's average estimate for revenue is $858.9 million. The average EPS estimate is -$0.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 570 members out of 587 rating the stock outperform, and 17 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give TriQuint Semiconductor a green thumbs-up, and six 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 $5.71.
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