Key Developments For Hittite Microwave Corporation
Hittite Microwave Corporation (HITT.O) (Nasdaq)
Hittite Microwave Corporation Issues Q4 2009 Outlook Above Analysts' Estimates
Hittite Microwave Corporation announced that for the fourth quarter of 2009, it expects revenue to be in the range of $42.5 to $43.5 million and net income to be in the range of $11.3 to $12.3 million, or $0.38 to $0.41 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.37 and net profit of $11.1 million on revenue of $42.0 million for the same period.
Hittite Microwave Corporation Issues Q3 2009 Outlook In Line With Analysts' Estimates
Hittite Microwave Corporation announced that for the third quarter of 2009, it expects revenue to be in the range of $40.0 to $41.0 million and net income to be in the range of $10.0 to $10.9 million, or $0.33 to $0.36 per diluted share. According to Reuters Estimates, analysts on an average are expecting the Company to report earnings per share (EPS) of $0.36 and net profit of $10.7 million on revenue of $40.5 million for the same period.
Hittite Microwave Corporation Issues Q2 2009 Guidance; Revenue Guidance Above Analysts' Estimates
Hittite Microwave Corporation announced that for second quarter of 2009, it expects revenue to be in the range of $38.5-$39.5 million and net income to be in the range of $9.5-$10.5 million, or $0.32 to $0.35 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $36.9 million, net profit of $9.5 million and EPS of $0.32 for the same period.
Hittite Microwave Corporation Issues Q1 2009 Guidance Below Analysts' Estimates
Hittite Microwave Corporation announced that for the first quarter 2009, it expects revenue to be in the range of $36.0 million to $38.0 million and net income to be in the range of $8.3 million to $10.2 million, or $0.28 to $0.34 per diluted share. The decline in the revenue and profitability guidance reflects the likely impact of the current global economic downturn and related disruption in credit markets on the Company's target markets. According to Reuters Estimates, analysts were expecting the Company to report revenue of $40.6 million, net profit of $11.2 million and EPS of $0.36 for the first quarter 2009.
Analog Devices, Inc. Files Patent Infringement Lawsuit Against Hittite Microwave Corporation
Analog Devices, Inc. announced it has filed a patent infringement lawsuit in the U.S. District Court for the District of Massachusetts against Hittite Microwave Corporation. Analog Devices asserts that products from the Hittite Microwave HMC600/700 series of RF detectors, including the HMC610 and HMC614, infringe Analog Devices` patented technology. Through this lawsuit, Analog is seeking an injunction against Hittite, in addition to compensatory damages, interest and fees.
