TriQuint Semiconductor ( TQNT) said its second-quarter profits declined 9%, hit by stock option expenses. The Hillsboro, Ore.-based company earned $5.65 million, or 4 cents a share, compared with $6.21 million, or 4 cents a share, a year earlier. Excluding stock option expenses the company earned 6 cents a share. Analysts polled by Thomson First Call were estimating earnings of 3 cents a share for the most recent quarter. Second-quarter revenue rose about 42% from a year ago to $96.34 million as against analysts' estimate of $95.67 million. The company expects to earn 4 cents to 6 cents a share for the third quarter, excluding equity compensation expense charges the company expects to earn 6 cents to 8 cents a share. For the full year, the company expects to earn 13 cents to 18 cents a share. Excluding equity compensation expense charges, the company expects to earn 20 cents to 25 cents a share. Analysts polled by Thomson First Call are estimating earnings of 5 cents a share for the third quarter and 17 cents a share for the full year. "TriQuint delivered another solid growth quarter, gained share in handsets and exceeded expectations, said the company. "This was our fifth consecutive quarter of revenue and gross margin growth and our largest operating income quarter since March of 2001. Our net earnings more than doubled this quarter as compared to the previous quarter. We set new revenue records for both our innovative transmit modules and our power amplifier modules. Bookings for transmit modules were up 48% over the first quarter as a result of extending this leadership form factor into the CDMA and 3G markets." Shares rose 29 cents early Thursday to $4.54.