Power Integrations Inc. Q4 Profit Decreases, misses estimates

(RTTNews) - Power Integrations Inc. (POWI) reported earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at C$486 million, or C$0.73 per share. This compares with C$626 million, or C$0.93 per share, in last year's fourth quarter.

Excluding items, Power Integrations Inc. reported adjusted earnings of C$394 million or C$0.59 per share for the period.

Analysts on average had expected the company to earn C$0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Power Integrations Inc. earnings at a glance (GAAP) :

-Earnings (Q4): C$486 Mln. vs. C$626 Mln. last year. -EPS (Q4): C$0.73 vs. C$0.93 last year. -Analyst Estimates: C$0.98