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Monday, Aug 19
More on International Rectifier earnings
- International Rectifier (IRF) FQ4 beats consensus across the board on a 23% jump in total revenue.
- All business segments posted strong sequential growth.
- Gross margin continues to improve - coming in at 30% compared to 24.3% in the prior quarter and 25.9% in the prior year quarter - hitting the high end of guidance as a result of improving business demand, utilization and product mix.
- For Q1, the company is targeting revenue of around $260M - $268M, towards the high end of the Street view of $260M.
- Shares +1% AH.