Pericom Semiconductor Corp. (NASDAQ:PSEM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Pericom Semiconductor Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 30% to $0.07 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Decreased 16.42% to $31.71 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pericom Semiconductor Corp. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $31 million.
Quoting Management: “We were pleased to deliver fourth quarter non-GAAP gross margin and net income above the high end of our previous guidance,” said Alex Hui, President and CEO of Pericom. “Our strategic focus is to expand business from networking, cloud computing and embedded customers with our serial connectivity and timing solutions. We are beginning to realize positive results from our strategic initiatives and we are excited by the opportunities we see ahead of us.”
Key Stats (on next page)…