Integrated Device Swings To Profit In Q3 - Quick Facts

(RTTNews) - Integrated Device Technology Inc. (IDTI), a provider of mixed signal semiconductor solutions, on Monday reported third-quarter net income of $7 million or $0.04 per share compared with net loss of $5 million or $0.04 per share last year.

Excluding items, adjusted earnings for the quarter were $26 million or $0.17 per share compared with adjusted earnings of $9 million or $0.06 per share a year ago.

Revenues for the quarter were $124.6 million compared with $114.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.11 per share on revenues of $126.1 million for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter were lower at $54.8 million, compared with $62.6 million in the prior year.