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You are here:  Home  >  Banking & Finance  >  Tri-County Public Companies  >  Earnings  >  Current Article

Inphi reports revenues up for first quarter

By   /   Thursday, April 28th, 2016  /   Comments Off on Inphi reports revenues up for first quarter

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After missing analyst estimates in the fourth quarter of 2015, Inphi bounced back when it reported first quarter earnings April 28.
Inphi reported revenues of $66.5 million, up from $59.1 million during the first quarter of 2015. It barely beat analyst estimates of $66.2 million, according to Zacks Investment Research. The company reported net income of $220,000; up from a loss of $9,708 last year. Earnings per share of a penny was up from a loss of 26 cents in 2015. Earnings, adjusted for one-time gains and costs, came to 27 cents per share, which beat analyst estimates 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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