29.07.2014 23:31:00
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M/A-COM Technology Q3 Adj. Profit Tops View - Quick Facts
(RTTNews) - M/A-COM Technology Solutions Holdings Inc. (MTSI) reported a third-quarter net income of $1.2 million, or $0.02 per share, compared to $7.0 million, or $0.15 per share in the comparable quarter last year.
Adjusted net income for the latest third quarter was $15.8 million, or $0.33 per share, up from $11.5 million, or $0.24 per share in the prior year period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue was $112.36 million compared to $83.48 million in the prior year period. Four analysts expected revenue of $110.75 million for the quarter.
Looking ahead to fourth quarter, the company expects revenue of $112 million to $116 million, while analysts currently expect revenue of $113.55 million.
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