TriQuint Semiconductor Earnings: Here’s Why Shares are Down Now

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.41%.

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TriQuint Semiconductor, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.17 in the quarter versus EPS of $0.02 in the year-earlier quarter.

Revenue: Decreased 15.01% to $184.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TriQuint Semiconductor, Inc. reported adjusted EPS loss of $0.17 per share. By that measure, the company missed the mean analyst estimate of $-0.12. It missed the average revenue estimate of $186.39 million.

Quoting Management: Ralph Quinsey, President and Chief Executive Officer, stated, “Q1 results, while disappointing, should be our low quarter for 2013. We have healthy design win traction and I expect strong second half revenue will improve utilization and push us back into profitability for the full year. We are well positioned in each of our markets to regain growth and margin momentum.”

Key Stats (on next page)…

Revenue decreased 21.15% from $233.62 million in the previous quarter. EPS decreased to $-0.17 in the quarter versus EPS of $0.04 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 $0.01 to a loss $0.08. For the current year, the average estimate has moved down from a profit of $0.16 to a loss of $0.10 over the last ninety days.

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