Microsemi Corp. Q1 Earnings Rise 12%

(RTTNews) - Microsemi Corp. (MSCC) released a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $69.3 million, or $0.72 per share. This was up from $61.9 million, or $0.65 per share, in last year's first quarter.

Analysts had expected the company to earn $0.72 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 $329.2 million. This was up from $303.6 million last year.

Microsemi Corp. earnings at a glance:

-Earnings (Q1): $69.3 Mln. vs. $61.9 Mln. last year. -Earnings Growth (Y-o-Y): 12.0% -EPS (Q1): $0.72 vs. $0.65 last year. -EPS Growth (Y-o-Y): 10.8% -Analysts Estimate: $0.72 -Revenue (Q1): $329.2 Mln vs. $303.6 Mln last year. -Revenue Change (Y-o-Y): 8.4%

-Guidance: Next quarter EPS guidance: $0.62 - $0.68 Next quarter revenue guidance: $435 - $455 Mln