Peregrine Semiconductor Earnings: Here’s Why the Stock is Falling Now

Peregrine Semiconductor Corp  (NASDAQ:PSMI) 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 8.02%.

Peregrine Semiconductor Corp Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $52.37 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It beat the average revenue estimate of $49.18 million.

Quoting Management: “Peregrine’s UltraCMOS process continues to bring innovative solutions to a highly complex and ever-increasing set of challenges in the RF front-end,” said Jim Cable, CEO of Peregrine Semiconductor. “Our vision has always been to enable the wireless industry to solve the most critical RF demands, where our technology and products not only deliver but thrive. Emerging LTE-Advanced Smartphone platforms require a unique combination of RF performance achievements that only UltraCMOS technology can bring,” he added.

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 200% from $0.01 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 $0.09. For the current year, the average estimate has moved down from a profit of $0.45 to a profit of $0.25 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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