QuickLogic Rises 2.57% as Major Indexes Slip

As of 20:00 UTC on Sept. 29, QuickLogic shares traded at $11.19, up 2.57% from the previous close. The company makes chips for mobile and portable electronics manufacturers.

The S&P 500 fell 0.17% in the session, while the Dow lost 0.26% and the Nasdaq dropped 0.09%. Over the past month, QuickLogic gained 1.68%, behind the Computer and Technology sector’s 3.58% rise.

For the upcoming quarterly report, the consensus estimate calls for a loss of $0.05 per share and revenue of $5.5 million, according to Zacks. Those figures represent projected year-over-year increases of 73.68% in earnings per share and 170.94% in revenue.

For the full year, analysts expect a loss of $0.06 per share and $24 million in revenue. Zacks said its consensus earnings-per-share estimate had not changed in the past 30 days.