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TriQuint, Lifted by Mobile Devices, Beats

Semiconductor specialist TriQuint beat analysts' estimates in its fourth-quarter results and gave bullish first-quarter guidance.

HILLSBORO, Ore. (

TheStreet

) -- Citing a huge uptick in revenue culled from mobile devices, semiconductor specialist

TriQuint

(TQNT)

beat analysts' estimates in its fourth-quarter results, and gave bullish first-quarter guidance.

The company reported revenue of $193.3 million after market close, up 30% from the same period last year, and above analysts' forecast of $188.31 million. Excluding items, TriQuint earned 14 cents a share. Analysts surveyed by Thomson Reuters had predicted earnings of 13 cents a share.

TriQuint, which

competes with

RF Micro Devices

(RFMD)

and

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(SWKS) - Get Report

, expects first-quarter revenue between $170 million and $175 million, compared to Wall Street's forecast of $168.56 million. Excluding items, the company expects earnings between 8 cents a share and 10 cents a share. Analysts had predicted earnings of 7 cents a share.

In a statement, TriQuint explained that its fourth-quarter revenue from mobile devices grew 55% year-over-year and 15% sequentially.

For the full year, the company expects revenue growth of about 20% after reporting fiscal 2009 sales of $654.3 million, up 14% on the prior year.

-- Reported by James Rogers in New York

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