InvenSense Earnings: Here’s Why Shares are Up Now

InvenSense Inc (NASDAQ:INVN) 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 0.32%.

InvenSense Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 55.56% to $0.14 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 42.6% to $55.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: InvenSense Inc reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $54.43 million.

Quoting Management: “This is a very exciting time for the company”, said Behrooz Abdi President and CEO. “With our product performance achievements and product roadmap, we are enjoying strong competitive positioning and believe that customer design activity and confirmed design wins at customers has never been stronger. With extraordinary execution, in the June quarter we again shipped a record number of units in that period growing our revenue 43% year over year and expect to again ship a record number of our products in the current quarter growing sequential unit volumes and revenues significantly.”

Key Stats (on next page)…

Revenue increased 1.25% from $55.21 million in the previous quarter. EPS decreased 6.67% from $0.15 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 $0.2 to a profit $0.18. For the current year, the average estimate has moved down from a profit of $0.73 to a profit of $0.66 over the last ninety days.

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