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By Market News Video Staff, Friday, November 12, 2:12 PM ET
Microsemi (NASDAQ:MSCC) said today its quarterly earnings totaled $6.6 million, or $0.08 per share, compared to a loss of $31.3 million, or $0.39 per share last year.
Adjusted earnings of $0.35 per share beat analyst estimates, and the company’s outlook of 19-23% sequential revenue growth in the current quarter beat analyst forecasts as well.
Shares are trading higher by 6.8% today.
Microsemi makes up 3.5% of the Dynamic Semiconductors Portfolio (AMEX:PSI).
The fund has Altera (NASDAQ:ALTR), Texas Instruments (NASDAQ:TXN) and KLA-Tencor (NASDAQ:KLAC) among its top stocks, at just over 5% each, as well as Intel, at 4.89%.
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