TriQuint Reports Q3 Profit; Q4 Guidance Below Analysts' View - Quick Facts

(RTTNews) - TriQuint Semiconductor, Inc. (TQNT), a RF solutions supplier and technology innovator, reported third-quarter net income of $13.6 million or $0.08 per share, compared to a net loss of $11.25 million or $0.07 per share, prior year. Adjusted net income was $26.3 million, or $0.16 per share for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $250.84 million, from $200.82 million, a year ago. Analysts expected revenue of $250.10 million for the quarter.

The company believes its fourth-quarter revenue will be between $260 million and $270 million. Fourth-quarter revenue is currently 88% booked to the midpoint of this guidance, the company said. Fourth-quarter non-GAAP net income is expected to be between $0.12 and $0.14 per share. Analysts expect the company to report fourth-quarter profit per share of $0.19 on revenue of $280.54 million.