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April 30, 2013

Mindspeed Technologies, Inc. (MSPD) Misses Q2 EPS by 2c, Provides Outlook; Hires Morgan Stanley to Review Strategic Alternatives

Filed under: M&A News — Tags: , — admin @ 4:57 pm

Mindspeed Technologies, Inc. (NASDAQ: MSPD) reported Q2 EPS of ($0.02), $0.02 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $35.4 million versus the consensus estimate of $38.25 million.Mindspeed forecasts total net product revenue in the fiscal third quarter of 2013 to be approximately flat versus the fiscal second quarter of 2013. The company expects fiscal third quarter of 2013 non-GAAP gross margin to be approximately 60 percent and anticipates non-GAAP operating expenses to be approximately $21.5 million in the fiscal third quarter of 2013.Mindspeed Technologies also announced that it has retained Morgan Stanley & Co. LLC as financial advisor to assist the board of directors in evaluating various strategic alternatives available to the company.For earnings history and earnings-related data on Mindspeed Technologies, Inc. (MSPD) click here.

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