By midmorning, shares had added 6.9% to $14.19.
After the bell Wednesday, the technology company reported revenue of $177.6 million which beat estimates of $176.1 million according to analysts surveyed by Thomson Reuters.
Over the three months to March, the company narrowed its net loss to 6 cents a share from 17 cents a share in the year-ago quarter. Analysts had forecast a net loss of 11 cents a share.
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TheStreet Ratings team rates TRIQUINT SEMICONDUCTOR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIQUINT SEMICONDUCTOR INC (TQNT) 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."