[May 08, 2013] Microsemi reports lower Q2 net income, provides outlook for Q3 Tweet May 08, 2013 (Datamonitor via COMTEX) -- Microsemi Corporation, a provider of semiconductor solutions, has reported that net income for the second quarter ended March 31, 2013 was $38.9 million, or $0.43 per diluted share, compared to $40.3 million, or $0.46 per diluted share, for the same quarter ended April 1, 2012. For the third quarter of fiscal 2013, the company expects non-GAAP diluted earnings per share between $0.47 and $0.50. Net sales for the second quarter ended March 31, 2013 were $235.3 million, compared to $249.3 million, for the same quarter ended April 1, 2012. Net income for the six months ended March 31, 2013 was $83.9 million, or $0.93 per diluted share, compared to $73.9 million, or $0.85 per diluted share, for the same period ended April 1, 2012. Net sales for the six months ended March 31, 2013 were $482.9 million, compared to $490.2 million, for the same period ended April 1, 2012. For the third quarter of fiscal 2013, the company expects net sales to increase between 2% and 4%. James Peterson, president and CEO of Microsemi, said: "We exit the March quarter with increasing confidence as our visibility has improved. Our book-to-bill ratio moved back above 1:1, profitability benefited from the cost control measures we initiated and we saw a number of significant design win successes for Microsemi's total solution market approach. As we look to the second half of 2013 and beyond, we remain confident in our unique opportunity to grow revenues and profitability to the benefit of our shareholders." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]