Seeking Alpha

TriQuint (TQNT -11.2%) plummets following its Q3 report. Though results beat estimates and Q4...

TriQuint (TQNT -11.2%) plummets following its Q3 report. Though results beat estimates and Q4 revenue guidance of $220M-$225M is largely above a $220.3M consensus, EPS guidance of $0.01-$0.03 is below a $0.06 consensus. TriQuint, which has a power amplifier module designed into the iPhone 5, claims inventory cuts will hurt its Q4 gross margin. But it's worth noting other Apple suppliers have seen margin pressure to due to Apple's manufacturing/pricing demands. Cantor notes TriQuint continues to bleed RF component share.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)