Integrated Device Technology Turns To Profit In Q1 - Quick Facts

(RTTNews) - Integrated Device Technology, Inc. (IDTI) reported first-quarter net income of $21.8 million, or $0.14 per share, compared to a net loss of $2.3 million or $0.02 per share, a year ago.

Non-GAAP income from continuing operations for the latest first quarter was $26.7 million or $0.17 per share, up from $10.6 million or $0.07 per share in the comparable quarter last year.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.16 for the quarter. Analysts' estimates typically exclude special items.

Revenue from continuing operations increased to $126.30 million, from $117.46 million. Analysts expected revenue of $124.97 million for the quarter.