Wedbush Upgrades Integrated Device Technology (IDTI) to Outperform

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Go back to Wedbush Upgrades Integrated Device Technology (IDTI) to Outperform

IDT Reports Q3 Fiscal Year 2016 Financial Results

February 1, 2016 4:05 PM EST

Q3 FY16 Revenue of $177.6M; up 4.8% Q/Q and 17.5% Y/Y

Q3 FY16 GAAP Diluted EPS of $0.22

Non-GAAP Diluted EPS of $0.35

SAN JOSE, Calif.--(BUSINESS WIRE)-- Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI) today announced results for the fiscal third quarter ended January 3, 2016.

We achieved a number of key milestones in the third quarter of fiscal 2016, said Greg Waters, president and chief executive officer. On December 7th, we closed the acquisition of ZMDI and the following week we executed a $374 million... More