Actionable news
0
All posts from Actionable news
Actionable news in IDTI: Integrated Device Technology, Inc.,

Integrated Device Technology (IDTI) Stock Up in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Integrated Device Technology (IDTI - Get Report) were gaining 1.4% to $23.90 after-hours on Monday after the mixed-signal semiconductor solutions maker beat analysts' estimates for earnings in the second quarter of fiscal 2016.

IDT reported earnings of 35 cents a share for the fiscal second quarter, above analysts' estimates of 31 cents a share for the quarter. Revenue grew 23.6% year over year to $169.5 million for the quarter, above analysts' estimates of $168.5 million.

CEO Greg Waters said the strong revenue growth was "driven by a strong rebound in sales of our communications products, continued...


More