QuickLogic (QUIK) Reports Q1 Loss, Tops Revenue Estimates

QuickLogic (QUIK) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this maker of chips for mobile and portable electronics manufacturers would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of ...