Actions Semiconductor (ACTS) Reports Q3 Loss of $0.14

Actions Semiconductor (NASDAQ: ACTS) reported Q3 EPS of ($0.14), versus $-0.00 reported last year. Revenue for the quarter came in at $13.1 million, versus $16.9 million reported last year.

Actions Semiconductor sees Q4 2014 revenue of $14-16 million.

"In the third quarter of 2014, revenue came in toward the low end of our expectations, primarily due to a supply shortage of 8-inch wafers for multimedia products from our foundry. Competition in the worldwide tablet market remained intense, keeping selling prices and margins low. Lower gross margin, combined with mask expenses related to our new application processor enabled by 28nm process technology and expenses related to our Dutch auction tender offer contributed to the loss for the quarter," stated Dr. Zhenyu Zhou, CEO of Actions Semiconductor.

For earnings history and earnings-related data on Actions Semiconductor (ACTS) click here.

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