Integrated Device Technology Reports Profit From Cont. Ops. In Q4 - Quick Facts

(RTTNews) - Integrated Device Technology, Inc. (IDTI) reported fourth-quarter net income from continuing operations of $5.4 million, or $0.04 per share, compared to a loss from continuing operations of $5.5 million or $0.04 per share, a year ago. Non-GAAP income from continuing operations for the fourth-quarter of 2014 was $22.1 million or $0.14 per share.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.13 for the quarter. Analysts' estimates typically exclude special items.

Revenue from continuing operations increased to $118.6 million, from $107.8 million. Analysts expected revenue of $117.45 million for the quarter.