International Rectifier Corporation (IRF) reported a fourth-quarter net loss of $68.2 million or $0.99 per share, compared to the net income of $39.6 million or $0.55 per share in the comparable period last year.
On average, 8 analysts polled by Thomson Reuters expected the company to lose $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the latest quarter declined 15 percent to $269.7 million from $317.2 million last year. Seven analysts had a consensus revenue estimate of $261.94 million for the quarter.
Looking forward, the company expects revenue for the first quarter to range between $235 million-$250 million. Analysts currently expect revenues of $274.22 million for the first quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.