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Microsemi meets 4Q profit forecasts(Associated Press Via Acquire Media NewsEdge) ALISO VIEJO, Calif. (AP) _ Microsemi Corp. (MSCC) on Thursday reported fiscal fourth-quarter earnings of $32.8 million. On a per-share basis, the Aliso Viejo, California-based company said it had net income of 34 cents. Earnings, adjusted for one-time gains and costs, came to 64 cents per share. The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 64 cents per share. The maker of semiconductors for power management posted revenue of $303.3 million in the period, which beat Street forecasts. Analysts expected $301.8 million, according to Zacks. For the current quarter ending in December, Microsemi expects its per-share earnings to range from 63 cents to 68 cents. Microsemi shares have risen 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.97, an increase of 3.5 percent in the last 12 months. This story was generated by Automated Insights using data from Zacks Investment Research. MSCC stock research report from Zacks. Keywords:Microsemi,Earnings Report |