Spreadtrum Communications Inc. (SPRD) reported that its third-quarter net income totaled US$23.2 million down from US$39.3 million in the year ago quarter. Income per ADS for the quarter was US$0.44 compared to US$0.75 last year.
Excluding share-based compensation expenses, the company's non-GAAP net income for the latest-quarter was US$29.3 million, down from US$43.5 million in the prior year quarter.
Non-GAAP net income per ADS was US$0.56, compared with US$0.83 per ADS last year.
Revenue for the quarter totaled US$187.9 million, up from US$184.8 million in the comparable quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.48 per share on revenues of US$182.93 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the fourth-quarter, the company expects revenue to be in the range of US$189 million to US$196 million, which is a sequential increase of 0.6% to 4.3%, with a flat gross margin relative to the third quarter. Six analysts have consensus revenue estimate of $189.88 million for the fourth-quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
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.