Triquint Semi (TQNT) Tops Q3 EPS by 4c; Guides Q4 Higher

Triquint Semi (NASDAQ: TQNT) reported Q3 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $272.1 million versus the consensus estimate of $261.34 million.

Triquint Semi sees Q4 2014 EPS of $0.40-$0.45, versus the consensus of $0.35. Triquint Semi sees Q4 2014 revenue of $330-340 million, versus the consensus of $313.92 million.

Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, “Our financial results in the third quarter were well above expectations due to strong demand and an improved product mix driven by a strategic focus on delivering high performance solutions in each of our markets. The success we are seeing today is due to years of investment in BAW/SAW and high performance GaAs/GaN technologies. We continue to see robust demand and are raising our outlook for the fourth quarter. We remain on track to launch a new combined company, Qorvo, with the merger of TriQuint and RFMD expected to close by year end."

For earnings history and earnings-related data on Triquint Semi (TQNT) click here.

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