Microsemi Reports Third Quarter 2016 Results

Go back to Microsemi Reports Third Quarter 2016 Results

RBC Capital Raises Price Target on Microsemi (MSCC) Following 3Q Beat

July 29, 2016 7:34 AM EDT

RBC Capital reiterated a Top Pick rating on Microsemi Corporation (NASDAQ: MSCC), and raised the price target to $48.00 (from $47.00), following the company's 3Q earnings report. MSCC reported results that were slightly ahead of expectations with revenue and EPS of $431.4M and $0.73 compared to the Street at $430.2M/$0.72.... More

Microsemi (MSCC) Tops Q3 EPS by 1c

July 28, 2016 4:07 PM EDT

Microsemi (NASDAQ: MSCC) reported Q3 EPS of $0.73, $0.01 better than the analyst estimate of $0.72. Revenue for the quarter came in at $431.4 million versus the consensus estimate of $430.22 million.

GUIDANCE:

Microsemi sees Q4 2016 EPS of $0.83-$0.97, versus the consensus of $0.86. Microsemi sees Q4... More