Hittite Microwave Earnings: Everything You Must Know Now
Hittite Microwave Corporation (NASDAQ:HITT) 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.
Hittite Microwave Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.62% to $0.57 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 6.92% to $67.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hittite Microwave Corporation reported adjusted EPS income of $0.57 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $67.48 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 1.2% from $68.52 million in the previous quarter. EPS were the same at $0.57 as the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.60 to a profit $0.58. For the current year, the average estimate has moved down from a profit of $2.45 to a profit of $2.39 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)