Aquantia rallies after earnings [Seeking Alpha]
AQUANITA CORP (AQ)
NASDAQ:AMEX Investor Relations:
investors.aquantia.com
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Source: Seeking Alpha
Aquantia rallies after earningsShares of Aquantia (NYSE:AQ)jump 8% after the company tops sales estimates with itsQ1 report.Total revenue during the quarter of $28.4M broke down to data center revenue of $16.3M, enterprise infrastructure revenue of $9.5M, access revenue of $2.5M and automotive revenue of $47K.Gross margin fell to 57% of sales vs. 58% a year ago."We expect to see a full slate of client connectivity devices announced at Computex in the first week of June," notes CEO Faraj Aalaei.Previously:Aquantia EPS in-line, beats on revenue (April 26)See all stocks on the move »Now read:Aquantia Could Sink When Lockup Expires »
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