TriQuint sees "winds" after disappointing 2Q

"HILLSBORO, Oregon (AP) - TriQuint Semiconductor Inc..".s shares plunged 20 p. 100 late Wednesday after the manufacturer of the Smart Wireless said it is facing "headwinds in the short term", which are unlikely to leave until the end of the year.The company has raised the red flag in its second-quarter earnings report.Although the earnings of the paired TriQuint Analyst estimates, income of the company slightly met forecasts that direct investors.Even more troubling, prospects for the direction for the quarter current falls below analyst forecasts. "Despite the turbulence in the short term, long term growth story remains intact TriQuint"TriQuint CEO Ralph quinsey said." He predicted that triquint would deliver a strong financial performance in the last three months of the year.The confidence of the Quinsey did not reassure investors. The actions of the TriQuint plummeted $2.05 to $8.16 negotiation extended after the numbers came out.TriQuint earned $ 16.6 million, or 10 cents per share, in the three months ending July 2. Which represents a decrease of 26 per cent of its income net of $ 22.5 million, or 14 cents per share, at the same time last year.Otherwise, for some items not related to the business continues to the company, TriQuint said he would have earned 17 cents per share in the course of the period. This figure corresponds to the average estimate among analysts surveyed by FactSet.Revenue increased 10% year last to 229 million dollars, but he missed the $ 235 million target set by analysts.Excluding certain items, TriQuint expects its earnings per share in the third quarter in the range of 16 cents to 18 cents on revenue of $ 235 million of $ 225 million. Analysts had been hoped that the earnings of 25 cents per share on revenues of $ 265,5 million.TriQuint indicated that it is being injured by a weakening of the sales of chips for mobile phones running on 2 G networks that speeds up the transition to faster networks.