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IDT 3Q17 results -2
- $175M in revenue projected, missing by
- that translates to 32-36 cents of EPS, which misses by a penny.
This is due to push-out from a mobile customer, but management
says it's just a delay and the account remains secure. It was
noted that this is a seasonally weak quarter for mobile, which
management says explains the consumer segment being down 1%.
Automotive grew increase overall percentage of revenue to 10%,
and should continue growing.
The Communications segment remains a bit of concern, as evidenced by analyst questions, but management maintains seasonality there as well.
Shares are down a few percent in AH trading, after a brief bump up from the EPS release. The business is well understood by institutional types, and I still don't see any new opportunity here so far. The conference call is ongoing, but I will only report again if something unusual comes up in the Q&A.
On 01/30/2017 04:12 PM, Esekla wrote:
Integrated Device technology has reported financial results for its fiscal third quarter of 2017:
More once I've listened to the conference call...
- EPS of 35 cents, beats by a penny
- on revenue of $176.4M, which is essentially in-line with $176M expected