Entropic Reports Third Quarter 2014 Results

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Go back to Entropic Reports Third Quarter 2014 Results

Entropic Communications (ENTR) Tops Q3 EPS by 22c; CEO Henry Resigns

November 10, 2014 9:18 AM EST

Entropic Communications (NASDAQ: ENTR) reported Q3 EPS of ($0.11), $0.22 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $43.2 million versus the consensus estimate of $3.81 million.

The company also announced that its Board of Directors has appointed board member Dr. Ted Tewksbury as interim President and Chief Executive Officer, effective immediately. Dr. Tewksbury succeeds Patrick Henry, who is leaving the Company and stepping down from Entropic's Board of Directors.

"On behalf of the Board of Directors, I want to thank Patrick for his many contributions to Entropic over the past... More