Microsemi (MSCC) Tops Q2 EPS by 2c, Beat on Revenues; Offers FY Guidance

Go back to Microsemi (MSCC) Tops Q2 EPS by 2c, Beat on Revenues; Offers FY Guidance

Microsemi Corporation (MSCC) PT Lowered to $61 at Needham & Company

April 28, 2017 8:30 AM EDT

Needham & Company lowered its price target on Microsemi Corporation (NASDAQ: MSCC) to $61.00 (from $63.00) while maintaining a Buy rating. MSCC reported 2Q revenues of $442.9MM, beating $440MM estimates. NG EPS was $0.91, matching consensus estimates.

3Q revenue was guided to $448- $468MM, above the... More