Freescale Semiconductor Earnings: Here’s Why Shares are Up Now

Freescale Semiconductor Holdings Ltd. (NYSE:FSL) had a loss 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. Shares are up 0.34%.

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Freescale Semiconductor Holdings Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.03 in the quarter versus EPS of $-0.04 in the year-earlier quarter.

Revenue: Rose 3.26% to $981 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Freescale Semiconductor Holdings Ltd. reported adjusted EPS loss of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $966.13 million.

Quoting Management: “Revenue and profitability improved sequentially in the first quarter and we continued to improve our capital structure,” said Gregg Lowe, president and CEO. “We are making good progress on our strategic initiatives targeting growth market opportunities, reallocating R&D investments and expanding gross margins.”

Key Stats (on next page)…

Revenue increased 2.51% from $957 million in the previous quarter. EPS increased to $-0.03 in the quarter versus EPS of $-0.15 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate has moved up from a profit of $0.35 to a profit of $0.42 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)