Microsemi Corp. Profit Climbs 29% In Q3

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

The company said its bottom line totaled $84.0 million, or $0.76 per share. This was up from $65.3 million, or $0.68 per share, in last year's third quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 36.0% to $431.4 million. This was up from $317.1 million last year.

Microsemi Corp. earnings at a glance:

-Earnings (Q3): $84.0 Mln. vs. $65.3 Mln. last year. -Earnings Growth (Y-o-Y): 28.6% -EPS (Q3): $0.76 vs. $0.68 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $0.72 -Revenue (Q3): $431.4 Mln vs. $317.1 Mln last year. -Revenue Change (Y-o-Y): 36.0%

-Guidance: Next quarter EPS guidance: $0.83 - $0.97 Next quarter revenue guidance: $438 - $458 Mln