TriQuint Semiconductor Q1 Loss Narrows - Quick Facts

(RTTNews) - TriQuint Semiconductor, Inc. (TQNT) reported a net loss for the first quarter of $19.1 million or $0.12 per share, compared to a net loss of $27.9 million or $0.17 per share, previous year. Non-GAAP net loss for the quarter was $9.4 million, or $0.06 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share, for the quarter. Analysts' estimates typically exclude special items.

Revenue was $177.6 million, down 4% from the first quarter of 2013, driven primarily by the defense market. Analysts expected revenue of $176.10 million for the quarter.

Gross margin for the first quarter of 2014 was 33.2%, up sharply from 21.0% in the first quarter of 2013 due to product mix and better factory cost management.

The company said it is fully booked to second-quarter revenue expectation of $215 million to $225 million. Non-GAAP net income is expected to be between $0.06 and $0.08. Analysts expect the company to report second-quarter profit per share of $0.04 on revenue of $200.29 million.