Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
TriQuint Semiconductor (NASDAQ: TQNT) beat third-quarter expectations and boosted its outlook Tuesday, citing strong demand.
The Hillsboro, Oregon, radio-frequency chip-maker gained more than 3 percent in the extended session, trading recently at $19.01 a share.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
TriQuint forecast fourth-quarter adjusted earnings of $0.40 to $0.45 a share, on revenue of $330 million to $340 million.
The company said that as of October 28 it's "fully booked to the midpoint of revenue guidance."
Wall Street expects adjusted earnings of $0.35 cents a share, on revenue of $313.9 million for the fourth quarter.
TriQuint's second-quarter earnings rose to $26.2 million or $0.14 cents a share, compared with net income of $5.2 million or $0.03 cents a share a year earlier, while adjusted earnings grew to $0.28 cents a share, from $0.13 cents a share a year earlier.
Revenue grew 8 percent to $272.1 million, from $250.8 million.
Analysts had forecast adjusted earnings of $0.24 cents a share, on revenue of $261.34 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.