Inphi tops expectations for third quarter earnings
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Inphi revenue drops but earnings beat analyst estimates
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Inphi stock up despite reporting net loss for quarter
Inphi stock shot up more than 4 percent Aug. 8 after the semiconductor company reported a 39 percent increase in revenues but still posted a $15 million net loss. Revenues grew to $84.4 million during the quarter ended June 30, compared to $60.5 million in the second quarter of 2016. Net income fell from nearly Read More →
Inphi revenues grow but net loss increases
Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →
Inphi reports strong fourth quarter revenue growth
Semiconductor producer Inphi, which has operations in Westlake Village, reported fourth quarter net income of $19.1 million, or 42 cents per diluted share, bringing the company to $26.5 million in net income for its fiscal year 2016. Revenues from continuing operations rose 53 percent, from $52.9 million in the fourth quarter of 2015 to $80.9 Read More →
Inphi completes acquisition of ClariPhy Communications
Inphi’s acquisition of ClariPhy Communications, valued at $277 million in addition to the assumption of some liabilities, was completed Dec. 12. The deal, announced Nov. 1, gives the semiconductor producer with operations in Westlake Village access to products that are complimentary to its own, providing high-performance but low-power platforms for its customers, President and CEO Read More →
Election results boost tech, defense stocks
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