Inphi misses revenue predictions but beats earnings per share
Inphi Corp. barely missed revenue expectations and barely beat earnings per share when it released fourth quarter and yearly earnings Feb. 4.
Sales grew 3.2 percent from $62.4 million last year to $64.4 million this year. Yearly revenues also grew from $156.1 million in 2014 to $246.6 million in 2015. Inphi also had earnings per share of 27 cents.
According to Yahoo Finance, analysts predicted revenues of $64.52 million during the quarter and earnings per share of 26 cents.
The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks.
• Contact Philip Joens at [email protected].
