Needham & Company Reiterates Buy on Microsemi (MSCC) Following 4Q Beat and Raise
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Microsemi Reports Fourth Quarter and Fiscal Year 2016 Results
November 10, 2016 4:02 PM ESTALISO VIEJO, Calif., Nov. 10, 2016 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its fourth quarter and fiscal year 2016 ended Oct. 2, 2016.
Net sales for Microsemi's fourth quarter of fiscal year 2016 were a record $450.1 million, up 36.9 percent from $328.8 million in the fourth quarter of 2015 and up 4.3 percent sequentially from $431.4 million. Net sales for fiscal year 2016 were a record $1.65 billion, up 32.9 percent from the$1.25 billion reported... More
