Entropic Expects Better than Expected 3rd Qtr Earnings

in Featured Stocks by admin — September 19, 2010 at 1:28 pm | 0 comments

Entropic Communications Inc. expects its third-quarter results to be better than management envisioned, reflecting strong demand for its networking tools for home entertainment.

The company said Monday that its revenue for the three-month period ending in September will reach $60 million to $61 million. That exceeded management’s earlier forecast calling for revenue ranging from $51 million to $53 million.

Entropic Communications, Inc. (Entropic) is a semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The Company’s products include home networking chipsets based on the Multimedia over Coax Alliance (MoCA) standard; broadband access chipsets; integrated circuits, which improve digital broadcast satellite (DBS) services and silicon tuner integrated circuits.

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