Seeking Alpha

Low expectations are aiding iPhone supplier TriQuint (TQNT +10.7%), which is surging after...

Low expectations are aiding iPhone supplier TriQuint (TQNT +10.7%), which is surging after missing Q1 estimates and guiding for Q2 revenue of $185M-$190M and EPS of -$0.10 to -$0.12, below a consensus of $194.8M and -$0.08. On its earnings call, TriQuint noted mobile sales (57% of total) fell 30% Q/Q thanks to "seasonally low demand from our largest customer" (almost certainly Apple), but added sales to all other top-5 mobile clients grew, and claimed strong demand for advanced 4G power amplifiers and filters. Possibly up in sympathy: SWKS +2.7%. RFMD +1.6%. CRUS +3%.10.1% of TriQuint's float was shorted as of March 28.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|