Conexant (CNXT) Jumps as Q4 Earnings Inline, Q1 Guidance Comes In Above the Street
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Shares of Conexant (Nasdaq: CNXT) are rallying this morning amid strong Q4 results issued last night after the close. The stock most recently traded at $3.03, up more than 24% from yesterday's close.
The company reported quarterly core EPS of $0.11, inline the analyst estimate of $0.11. Revenue for the quarter was $60 million, which compares to the estimate of $57 million. Conexant also guided Q1 EPS to $0.11, versus the Street estimate of $0.07, and sales to $60 million, versus $52.20 million from analysts.
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