On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
29° Feels Like: 29°
Wind: SE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 53°

Tonight

Showers Late 34°

Tomorrow

Rain/Wind 43°

Alerts

Chipmaker TriQuint's forecast misses Street estimates

(Reuters) - TriQuint Semiconductor Inc projected sales for the current quarter that missed Wall Street expectations, sending its shares down 13 percent in extended trading.

The company said it expects fourth-quarter revenue of between $260 million and $270 million, missing the average analyst estimate of $280.5 million, according to Thomson Reuters I/B/E/S.

TriQuint reported a profit of $13.6 million, or 8 cents per share, for the third quarter, compared with a loss of $11.2 million, or 7 cents per share, a year earlier.

Revenue rose 25 percent to $250.8 million.

TriQuint makes radio frequency chips that help connect cellphones to data and voice networks.

(Reporting by Aurindom Mukherjee in Bangalore; Editing by Maju Samuel)

Comments