IXYS Earnings: Here’s Why Shares are Up Now

IXYS Corp. (NASDAQ:IXYS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.60%.

IXYS Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 68.42% to $0.06 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Decreased 11.95% to $71.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IXYS Corp. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.13. It beat the average revenue estimate of $68.5 million.

Quoting Management: “We are pleased to see the return to top line growth of revenues worldwide and to GAAP profitability. We are continually focused on cost reductions, new product introductions, and maintaining a strong cash position. We expanded our MCU business with the recent acquisition, and expect to realize its benefits in the coming quarters,” commented Dr. Nathan Zommer, Chairman and CEO.

Key Stats (on next page)…

Revenue increased 6.46% from $66.88 million in the previous quarter. EPS increased 100% from $0.03 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.18 to a profit $0.20. For the current year, the average estimate has moved up from a profit of $0.76 to a profit of $0.82 over the last ninety days.

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