Volterra Semiconductor Earnings: Everything You Must Know Now

Volterra Semiconductor Corporation (NASDAQ:VLTR) delivered a profit 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.

Volterra Semiconductor Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 59.38% to $0.13 in the quarter versus EPS of $0.32 in the year-earlier quarter.

Revenue: Decreased 21.05% to $34.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Volterra Semiconductor Corporation reported adjusted EPS income of $0.13 per share. By that measure, the company missed the mean analyst estimate of $0.16. It missed the average revenue estimate of $35.61 million.

Quoting Management: “Revenue came in at the low end of guidance as our notebook business declined as expected and we experienced a one quarter inventory correction with a server customer,” said Volterra President and CEO Jeff Staszak. “Q3 orders are stronger at this point than this time last quarter and we are therefore encouraged about our short term outlook and longer term growth opportunities in our server storage, communications and energy businesses.”

Key Stats (on next page)…

Revenue decreased 13.83% from $39.92 million in the previous quarter. EPS decreased 40.91% from $0.22 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 $0.33 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $1.18 to a profit of $0.86 over the last ninety days.

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