Microsemi Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Microsemi Corporation (MSCC) reported second-quarter net income of $24.9 million or $0.26 per share, compared to a loss of $6.8 million or $0.07 per share, prior year. Adjusted earnings per share was $0.67, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $296.2 million from $287.0 million last year. Analysts expected revenue of $296.62 million for the quarter.

Microsemi currently expects net sales in the third quarter of fiscal year 2015 to be $302 million, plus or minus 2 percent, and expects non-GAAP earnings per share of between $0.67 and $0.71. Analysts expect the company to report third-quarter earnings per share of $0.69 on revenue of $303.65 million.