TriQuint Semiconductor Inc
) posted a net loss of $3.8 million or 2 cents per share in the
fourth quarter of 2012 versus net income of $4.3 million or 3
cents in the year-ago quarter. Non-GAAP income stood at $6.2
million or 4 cents per share in the reported quarter versus $13.3
million or 8 cents per share in the prior-year quarter. The
quarterly adjusted earnings beat the Zacks Consensus Estimate of
a loss of 2 cents.
ADV SEMICON ADR (ASX): Free Stock Analysis
DIODES INC (DIOD): Free Stock Analysis Report
DSP GROUP INC (DSPG): Free Stock Analysis
TRIQUINT SEMICO (TQNT): Free Stock Analysis
To read this article on Zacks.com click here.
For full year 2012, net loss was $26.2 million or 16 cents per
share versus net income of $48.2 million or 28 cents per share in
the previous year. Non-GAAP loss stood at $2.2 million or 1 cent
per share in 2012 compared with an income of $87.3 million or 51
cents per share in the preceding year. The adjusted loss for the
year was narrower than the Zacks Consensus Estimate of a loss of
20 cents. Low factory utilization remains a financial headwind to
TriQuint's near-term performance.
Revenues of $233.6 million in the fourth quarter of 2012 were up
3% year over year. The quarterly revenues beat the Zacks
Consensus Estimate of $223 million. For full year 2012, revenues
were $829.2 million, down 7% year over year.
As of Dec, 31, 2012, cash and cash equivalents were relatively
steady at $116.7 million.
Going forward, TriQuint expects revenues between $180 million and
$190 million in the first quarter of 2013. Non-GAAP net loss is
expected to be in the range of 12 cents to 14 cents per share for
the same period.
The company is expanding its capacity for high-performance
filters as it anticipates a strong demand in the second half of
2013 and beyond. This is likely to improve its performance in the
coming quarters. However, the company needs to be wary of intense
competition from industry bigwigs, which include formidable names
DSP Group Inc
Advanced Semiconductor Engineering Inc
), each carrying a Zacks Rank #1 (Strong Buy). However, TriQuint
currently has a Zacks Rank #4 (Sell).