Inphi Corp. (IPHI) Tops Q3 EPS by 1c

Inphi Corp. (NYSE: IPHI) reported Q3 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $36.3 million versus the consensus estimate of $36.3 million.

Inphi Corp. sees Q4 2014 EPS of $0.19-$0.21, versus the consensus of $0.19. Inphi Corp. sees Q4 2014 revenue of $57.6-59.6 million, versus the consensus of $57.6 million.

"2014 is truly becoming a transformative year for Inphi," said Ford Tamer, president and CEO of Inphi. "We have grown our company organically by nearly 40% year-over-year, and we're continuing to drive to higher levels of profitability in the third quarter by achieving 14% non GAAP operating margin. By closing the Cortina acquisition, we have added a very profitable $80 million business with more than 110 engineers bringing our growing Communications products to approximately 75% of ongoing revenue. We are excited about this increase in scale, which over the next several years allows us to further capitalize on high growth expected in both the 100G/400G coherent markets -- as well as the next-generation data centers."

For earnings history and earnings-related data on Inphi Corp. (IPHI) click here.

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