Entropic Communications, Inc. (NASDAQ:ENTR) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Entropic Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Rose 25.99% to $74.46 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Entropic Communications, Inc. reported adjusted EPS loss of $0 per share. By that measure, the company missed the mean analyst estimate of $0. It missed the average revenue estimate of $75.07 million.
Quoting Management: “2013 is a transitional year for Entropic; we are working to develop and bring new and integrated products to market, improve our gross margins and target key designs at Tier-1 operators,” said Patrick Henry, president and CEO, Entropic. “We’ve already made significant progress towards these goals and continue on our pursuit to be a leading global silicon supplier in the multi-billion dollar connected home entertainment market.”
Key Stats (on next page)…