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13 January 2010
TriQuint raises Q4/09 revenue guidance from $175–185m to $190m
Based on preliminary and unaudited financial results for fourth-quarter 2009, increased holiday-season demand has driven RF front-end product maker and foundry services provider TriQuint Semiconductor Inc of Hillsboro, OR, USA to raise its guidance (given last October) from non-GAAP net income of $0.10–0.12 per diluted share on revenue of $175–185m (which was below analysts’ estimates at the time) to $0.12–0.13 per diluted share on revenue of $190m. This would be up 10% on Q3/2009 and up 28% on a year ago.
For first-quarter 2010, TriQuint expects a normal seasonal revenue decline of 10–15%. However, the firm reiterates its forecast for solid revenue growth in full-year 2010.
See related items:
TriQuint’s growth slows prior to expected Q4 pick-up
TriQuint’s revenue rises 42% sequentially
TriQuint sees demand return as handset inventory burns off
Search: TriQuint
Visit: www.triquint.com
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