NEW YORK (TheStreet) -- Shares of Intersil (ISIL) were falling 12.2% to $12.37 Thursday after missing analysts' estimates for earnings and revenue for the third quarter and guiding below estimates for the fourth quarter.
The chipmaker reported earnings of 19 cents a share for the third quarter, missing the 20 cents a share analysts surveyed by Thomson Reuters expected for the quarter. Revenue fell 5.9% year over year to $143.6 million, missing analysts' estimates of $150.02 million for the quarter.
Intersil said it expects earnings of 13 cents to 15 cents a share and revenue of $125 million to $132 million for the quarter. Analysts expect earnings of 19 cents a share and revenue of $145.4 million for the quarter.
TheStreet Ratings team rates INTERSIL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTERSIL CORP (ISIL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: ISIL Ratings Report
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