Why Volterra Semiconductor Plunged

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What: Shares of Volterra Semiconductor (NAS: VLTR) plunged today by as much as 16% after the company reported earnings.

So what: Sales in the second quarter came in at $43.6 million, with net income of $6 million, or $0.22 per share. On an adjusted basis, the bottom line was $8.5 million, or $0.32 per share. That didn't quite live up to investor hopes of $0.35 per share in adjusted profit.


Now what: CEO Jeff Staszak acknowledged a "challenging economic environment," but also said the company is gaining market share in new servers and notebooks. Volterra also expanded its previously authorized share repurchase program by an additional $15 million. Analysts are mostly bullish on the company's prospects in Microsoft's Windows 8, which will be launched this fall. They expect Volterra to get some boosts related to the next-generation operating system.

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

The article Why Volterra Semiconductor Plunged originally appeared on Fool.com.

Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of Microsoft.Motley Fool newsletter serviceshave recommended buying shares of Microsoft.Motley Fool newsletter serviceshave recommended creating a bull call spread position in Microsoft. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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