* Q1 Adj EPS $0.09 vs est $0.06
* Q1 rev $40.5 mln, in line
* Sees Q2 rev $36.9-$39.1 mln vs est $38.7 mln
Jan 24 Chipmaker Mindspeed Technologies Inc
MSPD.O posted higher-than-expected quarterly earnings and
forecast second-quarter revenue, the high end of which came
marginally above analysts' expectations.
The Newport Beach, California-based company, which competes
with Applied Micro Circuits Corp AMCC.O and PMC-Sierra Inc
PMCS.O, expects second-quarter revenue of $36.9-$39.1
million, while analysts are expecting revenue of $38.7 million,
according to Thomson Reuters I/B/E/S.
For the October-December quarter, net income for the
company was $1.7 million, or 5 cents a share, compared with a
loss $160,000, or 1 cent a share, a year ago.
Excluding items, the company earned 9 cents a share.
Revenue for the company, which counts Alcatel-Lucent
ALUA.PA ALU.N, Cisco Systems (CSCO.O) and Huawei
Technologies [HWT.UL] as its customers, rose 9.5 percent to
Analysts were expecting earnings of 6 cents a share, on
revenue of $40.5 million.
The company's shares, which have lost about 6 percent of
their value since Mindspeed reported fourth-quarter results in
November, were trading up 5 cents at $7.05 after the bell.
They closed at $7.00 on Monday on Nasdaq.
(Reporting by Aditi Sharma in Bangalore; Editing by Vyas