TriQuint Semiconductor Updates Q4 Guidance

December 14, 2003 by Jeff Shepard

TriQuint Semiconductor Inc. (Hillsboro, OR) previously forecast its revenue for the quarter ending December 31, 2003, to be in the range of $80 million to $83 million, its gross margin to be in the range of 30% to 32%, and a loss per share of between $0.02 and $0.04. Based on the company's current shipments in this quarter, the current backlog, and anticipated shipments for the balance of the quarter, the company is revising its forecast upward for the quarter ending December 31, 2003.

The company now expects its revenue to be between $85 million and $87 million for the fourth quarter of 2003, with a gross margin between 32% and 33%, operating income at breakeven to a slight profit, and a net profit after tax of between $4 million and $5 million. The company expects to record a one-time gain of approximately $6 million resulting from the proceeds of a payment of a previously impaired note from an investment in a non-public company, net of other impairments. The net result will be an earnings per share on the basis of accounting principles generally accepted in the US estimated at $0.03 to $0.04.