Microsemi (MSCC) Tops Q2 EPS by 2c

Microsemi (NASDAQ: MSCC) reported Q2 EPS of $0.67, $0.02 better than the analyst estimate of $0.65. Revenue for the quarter came in at $296.2 million versus the consensus estimate of $296.62 million.

Microsemi sees Q2 2015 EPS of $0.67-$0.71, versus the consensus of $0.69. Microsemi currently expects net sales in the third quarter of fiscal year 2015 to be $302 million, plus or minus 2 percent.

"Strong gross and operating margin improvements drove record cash flows as we continue to march towards our 60/30 profitability targets," stated James J. Peterson, chairman and CEO of Microsemi. "Our fundamentals are solidifying against the backdrop of an improving aerospace and defense environment. Coupled with continuing contributions from our communications and industrial products, we are pleased to see the successful execution of our strategic business model."

For earnings history and earnings-related data on Microsemi (MSCC) click here.

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