TriQuint Semiconductor Earnings: Here’s Why the Stock is Rising Now

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) 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. Shares are up 13.4%.

TriQuint Semiconductor, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.07 in the quarter versus EPS of $-0.09 in the year-earlier quarter.

Revenue: Rose 6.8% to $190.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TriQuint Semiconductor, Inc. reported adjusted EPS loss of $0.07 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It beat the average revenue estimate of $187.97 million.

Quoting Management: Ralph Quinsey, President and Chief Executive Officer, stated “It is an exciting time for TriQuint. Our results exceeded our April guidance, but more importantly, this marks the beginning of the next phase of growth at TriQuint. In Q3 2013, I expect revenue to jump 30% sequentially, bringing significantly improved margins and profitability. I believe Q3 is the beginning of a stronger period of performance for TriQuint, built on a differentiated strategy that is defensible and sustainable. Our strategic focus is on innovation, technology and a comprehensive RF capability. Our investments in proprietary GaN, BAW and advanced SAW are examples of where we set ourselves apart from the competition and I believe our Q3 outlook validates our path.”

Key Stats (on next page)…

Revenue increased 3.2% from $184.21 million in the previous quarter. EPS increased to $-0.07 in the quarter versus EPS of $-0.17 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.01 to a profit $0.03. For the current year, the average estimate has moved up from a loss of $0.14 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)

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