Microsemi (MSCC) Tops Q2 EPS by 2c, Beat on Revenues; Offers FY Guidance

Microsemi (NASDAQ: MSCC) reported Q2 EPS of $0.91, $0.02 better than the analyst estimate of $0.89. Revenue for the quarter came in at $442.9 million versus the consensus estimate of $439.76 million.

Business Outlook

Microsemi currently expects net sales in the third quarter of fiscal year 2017 of between $448 million and $468 million, and expects non-GAAP diluted earnings per share of between $0.94 and $1.04.

GUIDANCE:

Microsemi sees Q3 2017 EPS of $0.94-$1.04, versus the consensus of $0.99. Microsemi sees Q3 2017 revenue of $448-468 million, versus the consensus of $455.23 million.

For earnings history and earnings-related data on Microsemi (MSCC) click here.

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