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Inphi reports 3Q loss
[October 29, 2014]

Inphi reports 3Q loss


(Associated Press Via Acquire Media NewsEdge) SANTA CLARA, Calif. (AP) _ Inphi Corp. (IPHI) on Wednesday reported a third-quarter loss of $6.9 million.

The Santa Clara, California-based company said it had a loss of 22 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 12 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The chip designer posted revenue of $36.3 million in the period, meeting Street forecasts.

For the current quarter ending in December, Inphi expects its per-share earnings to range from 19 cents to 21 cents.



The company said it expects revenue in the range of $57.6 million to $59.6 million for the fiscal fourth quarter.

Inphi shares have increased 12 percent since the beginning of the year. The stock has climbed 11 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. IPHI stock research report from Zacks.

Keywords:Inphi,Earnings Report

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