Triquint Semiconductor, Inc. (TQNT) Tops Q3 EPS by 1c, Posts Weak Q4 Guidance
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Triquint Semiconductor, Inc. (NASDAQ: TQNT) reported Q3 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $216 million versus the consensus estimate of $214.15 million.
Triquint Semiconductor, Inc. sees Q4 2011 EPS of $0.06-$0.08, versus the consensus of $0.14. Triquint Semiconductor, Inc. sees Q4 2011 revenue of $215-$225 million, versus the consensus of $230.66 million. During the fourth quarter, the company expects lower factory utilization as it burns through excess inventory and weak product mix to drive gross margin of 32% to 34%.
Triquint Semiconductor, Inc. sees Q4 2011 EPS of $0.06-$0.08, versus the consensus of $0.14. Triquint Semiconductor, Inc. sees Q4 2011 revenue of $215-$225 million, versus the consensus of $230.66 million. During the fourth quarter, the company expects lower factory utilization as it burns through excess inventory and weak product mix to drive gross margin of 32% to 34%.
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