Inphi Corporation (NYSE:IPHI) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.85 per share.
For the full year, analysts predict revenues of $ 682.60 million, while looking forward to income of $ 3.31 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.83 ~ $ 0.87 per share, while revenues are expected in a range of $ 179.00 million ~ $ 182.50 million
Click Here For More Historical Outlooks Of Inphi Corporation
Previous Quarter Performance
Inphi Corporation disclosed income for the second quarter of $ 0.95 per share, from the revenue of $ 175.29 million. The quarterly earnings extended 171.43 percent while revenues extended 106.95 percent compared with the same quarter last year.
Street analysts expected Inphi Corporation to report income of $ 0.65 per share on revenue of $ 150.47 million for the second quarter. The bottom line results beat street analysts by $ 0.3 or 46.15 percent, at the same time, top line results outshined analysts by $ 24.82 million or 16.49 percent.
Stock Performance
Shares of Inphi Corporation traded low $ -2.91 or -2.56 percent on Wednesday, reaching $ 110.97 with volume of 803.90 thousand shares. Inphi Corporation has traded high as $ 112.93 and has cracked $ 109.73 on the downward trend
According to the previous trading day, closing price of $ 110.97, representing a 104.38 % increase from the 52 week low of $ 55.72 and a 19.8 % decrease over the 52 week high of $ 142.00.
The company has a market capital of $ 5.76 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Inphi Corporation will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.inphi.com
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solutions offer high signal integrity at various data speeds and reduce system power consumption. The companys semiconductor solutions address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of communications and datacenter infrastructures.
