Microsemi Corp. Reveals 38% Gain In Q3 Bottom Line

(RTTNews) - Microsemi Corp. (MSCC) revealed earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line advanced to $116.0 million, or $0.99 per share. This was up from $84.0 million, or $0.73 per share, in last year's third quarter.

Analysts had expected the company to earn $0.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.2% to $458.1 million. This was up from $431.4 million last year.

Microsemi Corp. earnings at a glance:

-Earnings (Q3): $116.0 Mln. vs. $84.0 Mln. last year. -Earnings Growth (Y-o-Y): 38.1% -EPS (Q3): $0.99 vs. $0.73 last year. -EPS Growth (Y-o-Y): 35.6% -Analysts Estimate: $0.99 -Revenue (Q3): $458.1 Mln vs. $431.4 Mln last year. -Revenue Change (Y-o-Y): 6.2%

-Guidance: Next quarter EPS guidance: $1.02 - $1.14 Next quarter revenue guidance: $463 - $487 Mln