Earnings Roundup: Elantec leads chip earnings barrage
Elantec soared past analysts' estimates in its fourth quarter Thursday, earning $8.1 million, or 33 cents a share, on sales of $36.9 million.
First Call Corp. consensus expected the chipmaker to earn 27 cents a share in the quarter.
Elantec (Nasdaq: ELNT) shares closed up $14.88 to $101.94 ahead of the earnings report.
The $36.9 million in sales marks a 158 percent improvement from the year-ago quarter when it pocketed $1.7 million, or 8 cents a share, on sales of $14.3 million.
"Elantec continued to experience significant revenue and profit growth in the fourth quarter," said CEO Rich Beyer in a prepared release. "We are very proud about growing the company 100 percent over fiscal year 1999."
Last quarter, Elantec cruised past analysts' estimates when it returned a profit of $5.8 million, or 24 cents a share, on sales of $28.6 million.
Its shares hit a 52-week high of $107.06 in September after bottoming out at $6.38 last October.
Among other chip companies reporting earnings after the bell Thursday:
Analysts pegged the chipmaker for a profit of 19 cents a share in the quarter.
The $80.6 million in sales represents a 90 percent jump from the year-ago quarter when it earned $7.2 million, or 9 cents a share, on sales of $42.5 million.
TriQuint shares closed up $9.56 to $33.38 ahead of the earnings report.
Analysts were expecting a profit of 20 cents a share.
The $33.4 million in sales represents an 89 percent improvement from the year-ago quarter when it earned $5.2 million, or 19 cents a share, on sales of $17.6 million.
Pericom shares finished up $4.50 to $27.38 ahead of the earnings report.
First Call Corp. consensus expected the chip-equipment maker to earn 33 cents a share in the quarter.
The $58.2 million marks a 99 percent jump from the year-ago quarter when it earned $300,000, or 2 cents a share, on sales of $29.2 million.
The stock closed up $2.75 to $11.81 ahead of the earnings report.
Its shares closed up 44 cents to $6.75 ahead of the earnings report.
Its shares closed up 81 cents to $4.69 ahead of the earnings report.
There was no First Call Corp. consensus estimate in the quarter.