Integrated Device Technology (IDTI) Tops Q2 EPS by 1c

October 31, 2016 4:04 PM EDT

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Integrated Device Technology (NASDAQ: IDTI) reported Q2 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $184.1 million versus the consensus estimate of $183.99 million.

“Second quarter fiscal 2017 revenue increased by over eight percent as compared with the year ago quarter, and marks our twelfth consecutive quarter of year-over-year revenue growth,” commented Gregory Waters, president and chief executive officer. “We are delivering new growth engines to the already strong IDT franchise, along with operating synergies that support our leadership financial model.”

“We continue to make strong progress on our integration of ZMDI and have a clear line of sight to continued gains in operating results as we move through the fiscal year. Our new design-in funnel is extremely robust, with design-win traction and new technology innovation being delivered across all of our businesses,” concluded Mr. Waters.

For earnings history and earnings-related data on Integrated Device Technology (IDTI) click here.

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