Pericom Semiconductor (PSEM) Tops Q1 EPS by 7c
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Pericom Semiconductor Reports Fiscal First Quarter 2016 Financial Results
October 28, 2015 4:02 PM EDTMILPITAS, CA -- (Marketwired) -- 10/28/15 -- Pericom Semiconductor Corporation (NASDAQ: PSEM), a worldwide supplier of high performance connectivity and timing solutions, today announced results for its fiscal 2016 first quarter ended September 26, 2015.
FIRST QUARTER HIGHLIGHTS
Revenues of $31.6 million Achieved 45.4% gross margin (47.2% non-GAAP), a year-over-year increase of 310 bps Net income was $0.16 per diluted share as compared with $0.11 in the year-ago quarter Non-GAAP net income was $0.26 per diluted share as compared with $0.16 in the year-ago quarter... More