Mindspeed Technologies Earnings: Here’s Why Investors are Ambivalent Now

Mindspeed Technologies Inc. (NASDAQ:MSPD) had a loss 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.

Mindspeed Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $-0.12 in the year-earlier quarter.

Revenue: Rose 0.42% to $35.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mindspeed Technologies Inc. reported adjusted EPS loss of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.04. It beat the average revenue estimate of $35.36 million.

Quoting Management: “We are pleased to report results that exceeded our expectations for the fiscal third quarter,” commented Raouf Y. Halim, chief executive officer at Mindspeed. “We believe we have a strong set of product families, ranging from high-performance analog to communications processors and wireless infrastructure, that will continue to strengthen our market position.”

Key Stats (on next page)…

Revenue increased 0.59% from $35.39 million in the previous quarter. EPS decreased to $-0.01 in the quarter versus EPS of $-0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.03 and has not changed. For the current year, the average estimate has moved up from a loss of $0.1 to a loss 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)