M/A-Com Technology Solutions Holdings Earnings: Everything You Must Know Now

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) 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.

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M/A-Com Technology Solutions Holdings Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.29% to $0.24 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 0.41% to $77.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: M/A-Com Technology Solutions Holdings reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $77.59 million.

Quoting Management: John Croteau, Chief Executive Officer of M/A-COM, stated, “I am pleased to report that we achieved sequential revenue growth in our second fiscal quarter with improved margins and earnings per share. Our four primary end markets performed as expected, with our new optoelectronics products driving the growth in the quarter as we successfully delivered on our backlog.”

Key Stats (on next page)…

Revenue increased 3.72% from $75.01 million in the previous quarter. EPS increased 20% from $0.20 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 $0.25 to a profit $0.24. For the current year, the average estimate has moved down from a profit of $0.95 to a profit of $0.93 over the last ninety days.

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