Shares of Inphi (NYSE: IPHI) jumped on Wednesday after the semiconductor components and optical subsystems provider reported its third-quarter results. Inphi beat analyst estimates across the board, and it provided fourth-quarter guidance that was ahead of expectations. The stock was up 19.1% at 12:30 p.m. EDT.
Inphi reported third-quarter revenue of $94.2 million, up 20.8% year over year and about $4.1 million higher than the average analyst estimate. The company pointed to higher demand for long-haul, metro, and data center products as the key growth driver.
Image source: Getty Images.