Hittite Microwave Beats On Top and Bottom Lines (HITT)

Hittite Microwave Corporation

reports Q3 earnings of $0.69 versus consensus of $0.65. Hittite Microwave Corporation reports revenues of $64.2 million versus consensus of $63.50 million. Revenues increased 54.7% year over year and 6.4% sequentially. The company expects revenue for the fourth quarter ending December 31, 2010 to be in the range of $64.5 million to $66.5 million and net income to be in the range of $20.2 million to $21.0 million, or $0.67 to $0.69 per diluted share. Shares of HITT are lower in the after-hours by 0.84%.