The company earned $30.4 million, or 10 cents a share, in the quarter, compared with $0.5 million, or less than a penny a share, a year ago. Adjusted for items, earnings were $72.7 million, or 23 cents a share, in the most recent quarter. Analysts were expecting earnings of 22 cents a share.
Second-quarter revenue rose 11.7% from a year ago to $358.5 million.
The San Jose, Calif.-based company expects to earn 12 cents a share to 14 cents a share, in the third quarter, on revenue of $350 million to $360 million. Adjusted earnings are expected to be 24 cents a share to 26 cents a share. Full year 2006 earnings are expected to be 45 cents a share to 53 cents a share, on revenue of $1.43 billion to $1.48 billion. Adjusted earnings are expected to be 98 cents a share to $1.06 a share.
Analysts were expecting 25 cents a share on revenue of $358.2 million for the third quarter and $1.03 a share on revenue of $1.45 billion for the full year.
"We again had great execution during the second quarter," the company said. "Our analog, mixed-signal expertise is fueling sales across all our platforms from system validation to digital implementation."
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