TriQuint raises 4Q profit forecast as sales come in better than expected

TriQuint lifts 4Q profit forecast as sales improve

HILLSBORO, Ore. — Radio frequency chip maker TriQuint Semiconductor Inc. raised its fourth-quarter earnings forecast Wednesday, helped by better-than-expected sales.

The company now expects to report earnings of 9 cents to 10 cents per share and revenue of $190 million. Excluding special items, it expects earnings of 12 cents to 13 cents a share.

That’s up from a previous forecast the called for adjusted earnings of 10 cents to 12 cents per share and sales of between $175 million and $185 million.

Analysts, who typically exclude special charges from their estimates, expected earnings of 11 cents per share and sales of $180.9 million, according to a Thomson Reuters poll.

TriQuint shares jumped 34 cents, or 5.8 percent, to $6.16 in morning trading.