On April 30, Atheros Communications (NASDAQ:ATHR), semiconductor specialist for the wireless world, released first-quarter earnings for the period ended Mar. 31.
- Sales increased by 56% on the back of strong demand for WLAN and Ethernet products.
- Anders Bylund has somewhat conflicting feelings about Atheros' earnings report and its struggle against larger rivals Intel (NASDAQ:INTC), Texas Instruments (NYSE:TXN), and Broadcom (NASDAQ:BRCM).
- The stock rocks in Motley Fool CAPS, where it has garnered the highest possible rating of five stars.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$95,518 |
$61,084 |
56.4% |
|
Net Profit |
$7,599 |
$6,814 |
11.5% |
|
EPS |
$0.13 |
$0.13 |
0.0% |
|
Diluted Shares |
58,310 |
54,472 |
7.0% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
47.7% |
48.2% |
(0.4) |
|
Operating Margin |
7.4% |
8.8% |
(1.4) |
|
Net Margin |
8% |
11.2% |
(3.2) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$206,400 |
$185,713 |
11.1% |
|
Accounts Rec. |
$53,467 |
$30,455 |
75.6% |
|
Inventory |
$31,326 |
$24,606 |
27.3% |
The balance sheet reflects the company's health.
Cash Flow Highlights
One of the company's few dull spots: still no cash flow statement with earnings.
Free cash flow is a Fool's best friend.
Related Foolishness:
Intel is a Motley Fool Inside Value recommendation. See what other value stocks we've rounded up by taking the service for a free, 30-day test drive.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
