M/A-COM Technology Solutions Holdings Inc. (MTSI) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $31.67 million, or $0.42 per share. This compares with $14.98 million, or $0.20 per share, last year.
Excluding items, M/A-COM Technology Solutions Holdings Inc. reported adjusted earnings of $64.26 million or $0.85 per share for the period.
Analysts on average had expected the company to earn $0.84 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 30.2% to $235.887 million from $181.234 million last year.
M/A-COM Technology Solutions Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $31.67 Mln. vs. $14.98 Mln. last year.
-EPS: $0.42 vs. $0.20 last year.
-Revenue: $235.887 Mln vs. $181.234 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.87 - $0.9
Next quarter revenue guidance: $246 - $254 Mln
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