Pericom Semiconductor Corp (PSEM) Tops Q3 EPS by 1c, Offers Q4 Guidance

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Pericom Semiconductor Reports Fiscal Third Quarter 2015 Financial Results

April 28, 2015 4:05 PM EDT

MILPITAS, CA -- (Marketwired) -- 04/28/15 -- Pericom Semiconductor Corporation (NASDAQ: PSEM), a worldwide supplier of high performance connectivity and timing solutions, today announced results for its fiscal 2015 third quarter ended March 28, 2015.

THIRD QUARTER HIGHLIGHTS

Revenues increased 3.5% year-over-year to $31.8 million Achieved 46.3% gross margin (47.9% non-GAAP), a year-over-year increase of 550 bps Operating margin was 7.9% (14.1% non-GAAP) as compared with 1.3% in the same quarter last year Net income was $0.11 per diluted share as compared with $0.07 in... More