Inphi Stock Volatile After Earnings Report Gets Leaked

Shares of Inphi Corporation IPHI tumbled quickly to an intra-day low of $24.78 before quickly rebounding to an intra-day high of $27.18 on Thursday afternoon. Inphi was scheduled to report its fourth quarter results after Thursday's market close, but the results appear to have been mistakenly posted to the company's website with more than 1 hour remaining during the trading session. Benzinga contacted the company for further comment but has not yet received a response. Inphi reported that it earned $0.32 per share in the fourth quarter on revenue of $64.4 million. Wall Street analysts were expecting the company to earn $0.26 per share on revenue of $64.52 million. GAAP net loss for the quarter improved to $2.6 million from a net loss of $17.4 million in the same quarter a year ago. "In Q4 we achieved a record revenue and record non-GAAP operating margin, the highest levels we have achieved since I joined the company," said Ford Tamer President and CEO of Inphi. "Our view remains consistent, that the explosion of big data and the need for its rapid transmission is, and continues to be an enormous opportunity for Inphi. We believe we are strategically well positioned to leverage this opportunity both today and in the years ahead." Looking forward to the first fiscal quarter 2016, Delphi guided its revenues to be higher by 1.4 percent to 4.5 percent sequentially.