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Integrated Device (IDTI) Stock Tumbles in After-Hours Trading Despite Q1 Revenue Beat

NEW YORK (TheStreet) -- Integrated Device Technology (IDTI) reported in-line earnings and higher-than-expected revenue for the 2017 fiscal first quarter after Monday's market close.

The San Jose, CA-based semiconductor manufacturing company posted adjusted earnings of 36 cents per share, matching analysts' projections.

Revenue for the quarter was $192.1 million, slightly above analysts' forecasts of $191.1 million.

"First quarter fiscal 2017 revenue increased by over 19% year-over-year, driven by broad strength across our consumer, communications, automotive and industrial end markets," CEO Greg Waters said in a...