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Inphi misses revenue predictions but beats earnings per share

By   /   Thursday, February 4th, 2016  /   Comments Off on Inphi misses revenue predictions but beats earnings per share

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Inphi Corp. barely missed revenue expectations and barely beat earnings per share when it released fourth quarter and yearly earnings Feb. 4.

Sales grew 3.2 percent from $62.4 million last year to $64.4 million this year. Yearly revenues also grew from $156.1 million in 2014 to $246.6 million in 2015. Inphi also had earnings per share of 27 cents.

According to Yahoo Finance, analysts predicted revenues of $64.52 million during the quarter and earnings per share of 26 cents.

The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks.

• Contact Philip Joens at [email protected]

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