Pericom Semiconductor Earnings: Here’s Why Shares are Up Now

Pericom Semiconductor Corp. (NASDAQ:PSEM) 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 4.49%.

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Pericom Semiconductor Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 42.86% to $0.04 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Decreased 8.93% to $30.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Pericom Semiconductor Corp. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $29.1 million.

Quoting Management: “We are pleased to deliver revenue and gross margin at the high end of our previous guidance. While business from the computing segment remained soft, we were able to offset the decline in computing revenue with increased revenue from embedded market segments and delivered sequentially flat revenue,” said Alex Hui, President and CEO of Pericom. “We will continue to focus on our long-term growth strategy of expanding our customer base in networking, cloud computing and embedded applications with our high performance serial connectivity and timing solutions.”

Key Stats (on next page)…

Revenue decreased 0.1% from $30.43 million in the previous quarter. EPS were the same at $0.04 as 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 $0.05 to a profit $0.03. For the current year, the average estimate has moved down from a profit of $0.19 to a profit of $0.18 over the last ninety days.

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