Electronista

Mobile News   Apple  
updated 09:30 PM EST 01.31.13
Audio chip maker Audience posts $3.1M profit, beats street
Previous Apple supplier Audience has reported quarterly revenue well above Wall Street's estimates, after it diversified its suppliers beyond the Cupertino manufacturer. Shares climbed 24 percent in after-hours trading following the company reporting that it was expecting revenue between $43 and $46 million in the March quarter, trouncing analyst estimates of $31.8 million. Quarterly profit was $3.1 million, up more than $8 million from 2011's $5.6 million loss.