Microsemi Q4 Profit Rises - Quick Facts

(RTTNews) - Microsemi Corp. (MSCC) Thursday reported fourth-quarter profit of $14.1 million or $0.15 per share, up from $11.6 million or $0.13 per share in the same period last year.

Adjusted earnings for the quarter was $49.1 million or $0.53 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $250.4 million from $263.1 million last year. Analysts expected sales of $250.06 million.

Looking ahead to the first quarter, the company has forecast adjusted earnings in a range of $0.42 to $0.46 per share. Analysts currently expect first-quarter earnings of $0.56 per share.