In the quarter that ended in December, Inphi posted earnings of 8 cents a share. Analysts surveyed by Thomson Reuters expected earnings of 5 cents a share. The company also beat analyst estimates on revenue, posting $29.1 million for the quarter, compared to estimates of $28.8 million.
"With a strong showing in the fourth quarter, we closed out a healthy 2013 -- exceeding the $100 million threshold in revenue," Inphi president and CEO Ford Tamer said in a press release.
The company also issues a first-quarter guidance that surpasses analyst estimates. Inphi expects earnings of between 8 cents and 10 cents a share in the first quarter, with revenue between $30 million and $32 million. Analysts estimate earnings of 6 cents a share and revenue of $29.5 million for the quarter.
TheStreet Ratings team rates INPHI CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate INPHI CORP (IPHI) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."