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TriQuint on track for strongest revenue ever

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Thursday, July 24, 2014

TriQuint Semiconductor reported Q2 financial results above forecasts; the Hillsboro-based company will merge with RF Micro Devices later this year.

Second-quarter revenues totaled $230.8 million, up 21 percent from a year ago and above TriQuint's forecast, which topped out at $225 million. Profits totaled $5.2 million, or 3 cents a share. That's up from a loss of $14.9 million, 9 cents a share, in the second quarter last year.

Still, investors may have been hoping for better. Shares closed Wednesday at $17.25, down 53 cents before TriQuint reported financial results. They fell another 55 cents in after-hours trading.

 Read more at OregonLive.com

 

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