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Wednesday, Sep 28, 2022
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Peregrine Reports $43 Million in Third-Quarter Earnings

Peregrine Semiconductor Corp., the San Diego-based maker of high-speed, radio frequency chips, reported third-quarter revenue of $43 million, down from $60 million for the like quarter of 2013.

The company had a net loss of $3.1 million in the quarter, compared to a net profit of $4.4 million for the like quarter of last year.

In August, Peregrine said it agreed to be acquired by Japan’s Murata Electronics North America for an announced price of about $477 million.

Anticipating that the merger will close before the end of this year, Peregrine said it is not providing any guidance for the fourth quarter, or conducting a conference call on its financial results for that quarter.

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The transaction still requires stockholder and various regulatory approvals. A special shareholders meeting is scheduled for Nov. 19.

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