International Rectifier Corporation (IRF: Quote) 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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by RTT Staff Writer
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