NEW YORK (TheStreet) -- M/A-Com Technology Solutions (MTSI) shares are flat in after-hours trading following the release of the high speed semiconductor solutions provider's fourth quarter earnings results.
The company's quarterly revenue was $114.3 million during the period, up from $84.7 million during the same period last year, and in line with what analysts were expecting the company to report this year.
The company also reported fourth quarter net income of $17.2 million or 35 cents per diluted share on an adjusted basis, two cents better than the 33 cents per share analysts expected.
TheStreet Ratings team rates M/A-COM TECHNOLOGY SOLUTIONS as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate M/A-COM TECHNOLOGY SOLUTIONS (MTSI) 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 robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: MTSI Ratings Report