Integrated Device Technology (IDTI) Tops Q3 EPS by 1c

Integrated Device Technology (NASDAQ: IDTI) reported Q3 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $217.1 million versus the consensus estimate of $215.31 million.

"Third quarter fiscal 2018 revenues totaled $217.1 million, six percent higher sequentially, and 23 percent higher than the year ago period. Strength in the quarter was driven primarily by increasing demand for products in our high-performance compute and automotive/industrial end markets," said Greg Waters, President and Chief Executive Officer. "We expect product cycles in our consumer end market to kick in during our fiscal fourth quarter, driving total company growth beyond normal seasonality."

For earnings history and earnings-related data on Integrated Device Technology (IDTI) click here.

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