Reuters: Technology News: Chipmaker TriQuint's forecast misses Street estimates

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Chipmaker TriQuint's forecast misses Street estimates Oct 23rd 2013, 20:21 Wed Oct 23, 2013 4:21pm EDT (Reuters) - TriQuint Semiconductor Inc projected sales for the current quarter that missed Wall Street expectations, sending its shares down 13 percent in extended trading. The company said it expects fourth-quarter revenue of between $260 million and $270 million, missing the average analyst estimate of $280.5 million, according to Thomson Reuters I/B/E/S. TriQuint reported a profit of $13.6 million, or 8 cents per share, for the third quarter, compared with a loss of $11.2 million, or 7 cents per share, a year earlier. Revenue rose 25 percent to $250.8 million. TriQuint makes radio frequency chips that help connect cellphones to data and voice networks.

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