International Rectifier Earnings: Challenging Quarter

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

International Rectifier Corporation (NYSE:IRF) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The net loss and dip in revenues are causing the stock to dip after-hours. Shares are down 2.19%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

International Rectifier Corporation Earnings Cheat Sheet

Results: Net loss of $30.28 million (loss of 44 cents per diluted share) in the quarter versus a net loss of $6.34 million in the year-earlier quarter.

Revenue: Decreased 2.72% to $223.82 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: International Rectifier Corporation reported adjusted net loss of 44 cents per share. It beat the average revenue estimate of $223.26 million.

Quoting Management: “We expected a challenging December quarter given industry conditions,” stated President and Chief Executive Officer Oleg Khaykin…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business