M/A-Com Technology Solutions Holdings Inc. Reports Loss in Fiscal Q1
Lowell, Massachusetts - M/A-Com Technology Solutions Holdings Inc. (MTSI) reported a loss of $167.5 million in its fiscal first quarter ended in December. On a per-share basis, the loss amounted to $2.30.
Adjusting for non-recurring items, MTSI's earnings came in at 79 cents per share, exceeding analyst expectations. Zacks Investment Research's consensus estimate was 78 cents per share.
Revenue reached $218.1 million, also beating Wall Street forecasts. Zacks analysts had projected revenue of $215.1 million.
For the current quarter ending in March, M/A-Com anticipates per-share earnings between 82 cents and 86 cents. Revenue is expected to range from $227 million to $233 million.
About M/A-Com
M/A-Com Technology Solutions Holdings Inc. is a provider of radio frequency, microwave, and millimeter wave technologies for commercial and military applications. The company's headquarters are located in Lowell, Massachusetts.