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ENTR hangs tough in downdraft

|Includes:Entropic Communications, Inc. (ENTR)

A week ago Thursday,Entropic Communications (NASDAQ: ENTR) bucked the market downdraft and shot 16.5% higher.  The stock continues to hold its ground.

The provider of MoCA (home networking) semiconductors announced Q2 revenue of $41 million and profits of 8 cents a share, versus expectations of $40 million and 7 cents.

More impressive is the company's forecast for Q3 revenue of $51-$53 million, as compared to a much lower $43 million previous analyst consensus.


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Disclosure: Long ENTR

Stocks: ENTR