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BREAKING- Pericom Reports Positive Earnings

Pericom Semiconductor Corporation (NASDAQ: PSEM) reported fiscal fourth quarter EPS of $0.12 vs. the $0.10 consensus numbers. EPS were 71% higher year over year. Revenue came in at $32.70 million versus the estimated $32.50 million. Sales were up 3% from last year.

From the press release:

“We are pleased to deliver good sequential growth in revenue along with margin expansion, and this together with careful control of operating expenses resulted in a strong sequential increase in earnings,” said Alex Hui, President and CEO of Pericom. “We believe these results validate our strategy of transforming our business with growth from market segments offering higher gross margin and growth potential. We will continue to focus on growing our customer base in networking, cloud computing and embedded applications with our serial connectivity and timing solutions.”

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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