TriQuint Semiconductor Beats on Both Top and Bottom Lines

TriQuint Semiconductor (NAS: TQNT) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TriQuint Semiconductor beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank to a loss.

Margins shrank across the board.

Revenue details
TriQuint Semiconductor booked revenue of $233.6 million. The 13 analysts polled by S&P Capital IQ looked for net sales of $222.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.04. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were -$0.02 for Q4 compared to $0.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.3%, 20 basis points worse than the prior-year quarter. Operating margin was -1.5%, 520 basis points worse than the prior-year quarter. Net margin was -1.6%, 350 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $205.3 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $888.5 million. The average EPS estimate is $0.17.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 574 members out of 589 rating the stock outperform, and 15 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give TriQuint Semiconductor a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is outperform, with an average price target of $5.67.

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The article TriQuint Semiconductor Beats on Both Top and Bottom Lines originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere

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