M/A-Com (MTSI): Q1 Earnings Beat by 64c vs. 99c Estimate

M/A-Com Technology Solutions Holdings Inc. (MTSI) reported fiscal first-quarter profit of $48.8 million, or 64 cents per share, up from the 99 cents per share estimate of nine Zacks analysts. Adjusted earnings were $1.02 per share, versus $1.05-$1.09 guidance for the current quarter. Revenue reached $271.6 million, beating the $268.9 million forecast. For Q2, the company expects revenue of $281 million-$289 million and per-share earnings of $1.05-$1.09.