Volterra Semiconductor Corp. (VLTR) reported fourth quarter non-GAAP net income of $0.30 per share after the close Monday, up from $0.21 per share last year. The consensus estimate was for EPS of $0.25.
Volterra Semiconductor gapped open higher Tuesday and climbed in early trade. Shares advanced further in the early afternoon and finished up by 1.91 at $30.77 on above average volume. The stock has been rising for the past week and a half and closed at a new high for the year.
For comments and feedback: editorial@rttnews.com