Intersil Earnings: Here’s Why Investors are Happy Now

Intersil Corporation (NASDAQ:ISIL) 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. Shares are up 5.41%.

Intersil Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $-0.11 in the year-earlier quarter.

Revenue: Decreased 11.16% to $144.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Intersil Corporation reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It beat the average revenue estimate of $138.34 million.

Quoting Management: “Our goal has been to identify areas where we have clearly differentiated core capabilities and significant growth prospects so that we can align our investments to capitalize on those opportunities,” said Dr. Necip Sayiner, president and CEO. “We have now established a strategic framework and implemented a set of immediate measures to redirect the company on a path to sustainable success.”

Key Stats (on next page)…

Revenue increased 9.93% from $131.72 million in the previous quarter. EPS increased 600% from $0.02 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 $0.02 to a profit $0.01. For the current year, the average estimate has moved down from a profit of $0.06 to a profit of $0.02 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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