Microsemi Corp. Bottom Line Rises 44% In Q1

(RTTNews) - Microsemi Corp. (MSCC) announced earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line rose to $99.8 million, or $0.86 per share. This was higher than $69.3 million, or $0.72 per share, in last year's first quarter.

Analysts had expected the company to earn $0.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 32.3% to $435.5 million. This was up from $329.2 million last year.

Microsemi Corp. earnings at a glance:

-Earnings (Q1): $99.8 Mln. vs. $69.3 Mln. last year. -Earnings Growth (Y-o-Y): 44.0% -EPS (Q1): $0.86 vs. $0.72 last year. -EPS Growth (Y-o-Y): 19.4% -Analysts Estimate: $0.84 -Revenue (Q1): $435.5 Mln vs. $329.2 Mln last year. -Revenue Change (Y-o-Y): 32.3%

-Guidance: Next quarter EPS guidance: $0.86 - $0.96 Next quarter revenue guidance: $430 - $450 Mln