PDF Solutions climbing as Q3 profit rises

Shares of PDF Solutions Inc. (Nasdaq: PDFS) are rising on news after the close on Wednesday that the provider of technologies and services to semiconductor companies reported a rise in third-quarter profit that beat Wall Street’s projections.

Net income for the three months ended Sept. 30 was $5.3 million, or $0.19 per share, while three analysts polled by Thomson Financial were calling for earnings of $0.17 per share. During the same quarter of 2006 the San Jose-based company had a net income of $3.6 million, or $0.13 per share.

PDF Solutions, which provides software that helps semiconductor makers create designs for integrated circuits, saw its third-quarter revenue jump 24% to $24.1 million, from $19.4 million a year earlier. That’s in line with analysts’ expected revenue of $24 million.

Looking ahead, the company said it forecasts fourth-quarter earnings in a range between $5.9 million and $6.5 million, or $0.20 per share and $0.22 per share, which is in line with Wall Street’s anticipated net income of $0.21 per share.

However, PDF Solutions’ fourth-quarter revenue forecast is below what analysts were expecting. The company said it will bring in between $24.5 million to $26 million, while the consensus estimate of analysts called for revenue of $26.38 million.

At 11:45 a.m. ET, shares of PDF Solutions (PDFS) were up $1.29, or 16%, to $9.19. That’s far from the 52-week high of $15.74, which was reached on Dec 7, 2006. The 52-week low of $7.76 was established on Oct. 26.

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