QuickLogic (QUIK) Reports Q2 Loss, Lags Revenue Estimates

QuickLogic (QUIK) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -600%. A quarter ago, it was expected that this maker of chips for mobile and portable electronics manufacturers would post earnings of $0.06 per share when it actually produced earnings of $0.11, delivering a surprise of 83.33%. Over t ...