Quantenna (QTNA) Tops Q1 EPS by 2c, Beats on Revenues; Offers 2Q18 EPS Outlook Above Consensus

Quantenna (NASDAQ: QTNA) reported Q1 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $45.12 million versus the consensus estimate of $43.93 million.

"Our first quarter strength bolsters our Wave 3 10G growth strategy as we experienced accelerated deployment momentum with our key cable MSO customer coupled with an additional cable MSO initiating full volume rollout. Additionally, these deployments are now sourced through two separate OEM partners, which adds additional capacity to serve demand and diversifies the supply chain. We also continue to receive inbound interest for Wave 3 10G designs due to its superior performance in the Wi-Fi landscape,” remarked Dr. Sam Heidari, Chairman and Chief Executive Officer.

“We expect record revenue in the second quarter, driven by record Wave 3 10G revenue shipments, as we extend our customer opportunities into mainstream markets and new and existing high-performance markets that seek a full-featured and unparalleled connectivity experience.”

GUIDANCE:

Quantenna sees Q2 2018 EPS of $0.07-$0.09, versus the consensus of $0.06.

For earnings history and earnings-related data on Quantenna (QTNA) click here.

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