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Stock Analyst Update

Chip Maker Vitesse Hits the Mark in First Quarter

Vitesse's earnings results came in on target based on first-quarter estimates, while growth continues to motor at an impressive clip.

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Vitesse Semiconductor (VTSS) continues to turn heads with its speedy growth.

With first-quarter fiscal 2000 results coming in exactly at the $0.14 consensus estimate, all seemed well with the telecom and networking chip maker. Revenue growth clocked in at an impressive 47% clip over the same quarter last year, and earnings growth looked even better with more than 50% growth.

Jeremy Lopez does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.