Inphi Common Stock Earnings: Here’s Why Investors Don’t Like These Results

Inphi Corporation Common Stock (NYSE:IPHI) had a loss and met 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 down 2.23%.

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Inphi Corporation Common Stock Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.03 in the year-earlier quarter.

Revenue: Rose 11.88% to $22.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Inphi Corporation Common Stock reported adjusted EPS loss of $0 per share. By that measure, the company missed the mean analyst estimate of $0. It beat the average revenue estimate of $21.62 million.

Quoting Management: “I am very pleased with the progress we are making,” said Ford Tamer, President and CEO. “We see this quarter as a pivotal turning point both for the markets we serve as well as for Inphi. To date this year, we have executed ahead of our plan. We expect to continue this momentum, based on new product-driven cycles around 100 Gigabit communications in 2013, and on the strength of our future generation server products and platforms looking out to second half 2013 and 2014. As our business returns to sequential growth in Q2, I would like to thank our strategic customers and partners for their support, and our hard working employees for their achievements to position us for a bright future.”

Key Stats (on next page)…

Revenue decreased 1.48% from $22.94 million in the previous quarter. EPS decreased to $0.0 in the quarter versus EPS of $0.03 in 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 $0.05 to a profit $0.01. For the current year, the average estimate has moved down from a profit of $0.24 to a profit of $0.09 over the last ninety days.

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

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