TriQuint Semiconductor Tops Expectations

Author:: Erica M. Berardi
Publish date:: Feb 5, 2001 5:41 PM EST

TriQuint Semiconductor

(TQNT)

reported fourth-quarter earnings that beat Wall Street's slightly raised estimates by 3 cents.

For the fourth quarter ended Dec. 31, TriQuint earned $23.2 million, or 27 cents a diluted share, up from $10.2 million, or 12 cents a share, in the same period one year ago. Analysts polled by

First Call/Thomson Financial

expected the integrated circuits maker to earn 24 cents a share.

TriQuint, which is based in Hillsboro, Ore., posted fourth-quarter revenue of $90.3 million, up 83% from $49.4 million in the year-ago period. Revenue rose 12% from $80.6 million in the third quarter.