Integrated Device Technology Third Quarter Earnings Sneak Peek
Integrated Device Technology, Inc. (NASDAQ:IDTI) will unveil its latest earnings on Monday, January 28, 2013. Integrated Device Technology designs, develops, manufactures and markets a broad range of low-power, high-performance mixed signal semiconductor solutions for the advanced communications, computing and consumer industries.
Integrated Device Technology, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 2 cents per share, a decline of 33.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 2 cents during the last month. Analysts are projecting profit to rise by 42.9% compared to last year’s 16 cents.
Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 7 cents a share versus the estimate of net income of 5 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the second quarter, the company swung to a loss of $73,000 (0 cents a share) from a profit of $47.1 million (32 cents) a year earlier, but beat analyst expectations. Revenue fell 3.6% to $133.4 million from $138.3 million.