Microsemi (MSCC) Reports In-Line Q3 EPS
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July 23, 2015 4:02 PM EDT
ALISO VIEJO, Calif., July 23, 2015 /PRNewswire/ --Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its third quarter of fiscal year 2015 ended June 28, 2015.
Net sales for Microsemi's third quarter of fiscal year 2015 were $317.1 million, up 8.5 percent from the third quarter of 2014. GAAP gross margin for the third quarter of 2015 was 54.3 percent, inclusive of the effect of non-cash purchase accounting charges of $8.6 million, and improved 180 basis... More
July 23, 2015 4:01 PM EDT
ALISO VIEJO, Calif., July 23, 2015 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced its Board of Directors has authorized a new share buyback plan for the repurchase of up to $100 million of the company's common stock. The timing and amount of repurchase transactions under this program will depend on market conditions and corporate and regulatory decisions, as well as the completion of Microsemi's existing $100 million share buyback program previously announced on September 10, 2014, under which the company has purchased approximately... More
