Inphi shares soar after record revenue reported

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Inphi shares soar after record revenue reported

By Staff Report / Thursday, October 31st, 2019 / Comments Off on Inphi shares soar after record revenue reported

Shares for Inphi shot to a new high to close out October after the company reported record quarterly revenue of $94.2 million, a 20 percent jump over the previous third quarter. Net loss for the quarter ended Sept. 30 was $16.2 million, or 36 cents per share, beating analyst estimates by a penny. That compares…

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