Microsemi Corp. Bottom Line Rises 14% In Q4

(RTTNews) - Microsemi Corp. (MSCC) announced a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line advanced to $70.3 million, or $0.73 per share. This was up from $61.4 million, or $0.64 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.4% to $328.8 million. This was up from $303.3 million last year.

Microsemi Corp. earnings at a glance:

-Earnings (Q4): $70.3 Mln. vs. $61.4 Mln. last year. -Earnings Growth (Y-o-Y): 14.5% -EPS (Q4): $0.73 vs. $0.64 last year. -EPS Growth (Y-o-Y): 14.1% -Analysts Estimate: $0.73 -Revenue (Q4): $328.8 Mln vs. $303.3 Mln last year. -Revenue Change (Y-o-Y): 8.4%

-Guidance: Next quarter EPS guidance: $0.74 - $0 Next quarter revenue guidance: $325 - $329 Mln