From Briefing.com: 7:11 am Entegris beats by $0.03, beats on revs; guides Q1 EPS above consensus, revs above consensus (ENTG) :
Reports Q4 (Dec) earnings of $0.24 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.21; revenues rose 15.6% year/year to $308.5 mln vs the $282.88 mln Capital IQ Consensus.
Co generated cash from operations less capital expenditures, or free cash flow, of $37.1 mln.
Co issues upside guidance for Q1, sees EPS of $0.23-0.27, excluding non-recurring items, vs. $0.21 Capital IQ Consensus Estimate; sees Q1 revs of $295-310 mln vs. $282.78 mln Capital IQ Consensus Estimate.
7:06 am DSP Group beats by $0.04, reports revs in-line; co expects a slowdown in Q1 revenue (DSPG) :
Reports Q4 (Dec) earnings of $0.13 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.09; revenues rose 4.4% year/year to $35.3 mln vs the $35 mln Capital IQ Consensus.
Co said, "In the first quarter of 2017, we expect a slowdown in revenues due to a seasonal decrease in demand for our cordless telephony products and a drop in demand for our HDClear products. Looking ahead, we remain very well positioned for long-term growth and profitability due to the strength of our new products strategy."
6:59 am Kulicke & Soffa beats by $0.10, beats on revs; guides Q2 revs above consensus (KLIC) :
Reports Q1 (Dec) earnings of $0.22 per share, $0.10 better than the Capital IQ Consensus of $0.12; revenues rose 37.9% year/year to $149.6 mln vs the $140.62 mln Capital IQ Consensus.
Ball bonder equipment net revenue increased by 5.1% over the September quarter.
Wedge bonder equipment net revenue increased by 35.7% over the September quarter.
Co issues upside guidance for Q2, sees Q2 revs of $185-195 mln vs. $156.53 mln Capital IQ Consensus Estimate.
Looking forward, CEO Dr. Fusen Chen commented, "After several lower semiconductor unit growth years, our near term outlook coupled with healthy ball bonding utilization rates provides further support to our business outlook. In addition to advanced packaging, we continue to be well positioned to benefit from many near-term opportunities throughout our core ball and wedge bonding solutions supporting automotive, memory and industrial applications."
2:26 am NXP Semi beats by $0.30, reports revs in-line (NXPI) :
Reports Q4 (Dec) earnings of $1.95 per share, $0.30 better than the Capital IQ Consensus of $1.65; revenues rose 54.7% year/year to $2.44 bln vs the $2.44 bln Capital IQ Consensus.
NXP combined wafer-fab utilization averaged 92%, as compared to 93% in the prior quarter.
Working capital metrics inclusive of assets and liabilities held for sale on the balance sheet were:
Days of inventory was 101 days, flat sequentially versus the third quarter
Days payable was 83 days, an increase from 74 days in the third quarter
Days sales was 39 days, a decline from 43 days in the third quarter
The cash conversion cycle was 57 days, a decline from the 70 days in the third quarter
Channel inventory held by NXP's distribution partners was 2.4 months as compared to 2.5 months in the third quarter.
As previously announced NXP will not hold an earnings call nor provide forward guidance for the first quarter of 2017 due to the pending acquisition of NXP by Qualcomm (QCOM)
