TriQuint Semiconductor Shares Got Crushed: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of radio frequency solution provider TriQuint Semiconductor (NAS: TQNT) have been beaten up today, falling 28%, after the company released earnings.

So what: During the third quarter, revenue fell 9% to $216 million, $2 million more than analysts were expecting, and adjusted earnings per share beat estimates by a penny at $0.11.

Last quarter was good, but demand for the fourth quarter looks to be lower than expected. Management expects revenue between $215 million and $225 million, while earnings per share should be between $0.06 and $0.08 per share. Analysts expected fourth-quarter earnings of $0.14 per share on revenue of $232 million.

Now what: It's rough when a company's earnings beat expectations and the stock still takes a beating like this. But in this age of uncertainty, what you're going to do for me tomorrow is more important than what you did for me yesterday. I am staying away from a drop like this because when the market reacts this violently downward, you never know when the bleeding is going to stop.

Interested in more info on TriQuint Semiconductor? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.The Motley Fool owns shares of TriQuint Semiconductor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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