QuickLogic Corp. (QUIK) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
QuickLogic Corp. (NASDAQ:QUIK) announced its earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $6.50 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis.
Shares of QuickLogic Corp. (NASDAQ:QUIK) traded up 5.22% on Wednesday, hitting $4.23. 990,484 shares of the company’s stock traded hands. QuickLogic Corp. has a 52-week low of $2.33 and a 52-week high of $5.67. The stock’s 50-day moving average is $4.75 and its 200-day moving average is $4.68. The company’s market cap is $233.3 million.
QuickLogic Corporation develops and markets semiconductor solutions. It is a fabless semiconductor company that designs, markets and supports primarily Customer Specific Standard Products (NASDAQ:QUIK), and Field Programmable Gate Arrays (FPGAs), associated design software and programming hardware.
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