Micrel (MCRL) Releases Quarterly Earnings Results
Micrel (NASDAQ:MCRL) announced its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $58.20 million for the quarter, compared to the consensus estimate of $60.85 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Micrel updated its Q4 guidance to $0.05-0.08 GAAP EPS.
Micrel (NASDAQ:MCRL) traded down 2.74% on Thursday, hitting $9.005. 590,319 shares of the company’s stock traded hands. Micrel has a 52 week low of $8.89 and a 52 week high of $11.01. The stock’s 50-day moving average is $9.90 and its 200-day moving average is $10.08. The company has a market cap of $520.8 million and a P/E ratio of 52.31.
On a related note, analysts at Sidoti downgraded shares of Micrel from a “buy” rating to a “neutral” rating in a research note to investors on Thursday.
Micrel, Incorporated (NASDAQ:MCRL) designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs.
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