News Article
TriQuint announces preliminary financial results
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF front-end product manufacturer and foundry services provider, announces preliminary financial results for the quarter ended December 31, 2009.
Based on preliminary and unaudited results, TriQuint Semiconductor currently expects fourth quarter revenues of approximately $190 million, an increase from previous guidance of $175 million to $185 million, due to increased holiday season demand. Fourth quarter net income is expected to range between $0.09 and $0.10 per diluted share and non-GAAP net income is expected to range between $0.12 and $0.13 per diluted share. Previous guidance was net income of $0.07 to $0.09 per diluted share and non-GAAP net income of $0.10 to $0.12 per diluted share.
Expectations for the first quarter of 2010 are for a normal seasonal decline in revenue of 10% to 15%. TriQuint reiterates expectations for solid revenue growth in 2010.
