Semiconductor company PLX Technology Inc. (PLXT) Monday reported fourth-quarter net loss of $600 thousand or $.01 per share, compared with net loss of $5.4 million or $0.12 per share last year.
Results for the prior-year quarter included loss from discontinued operations of $6.7 million.
Excluding items, adjusted earnings from continuing operations for the quarter were $2.4 million or $0.06 per share, compared with $1.6 million or $0.04 per share last year.
Revenues for the quarter fell to $23.4 million from $24.9 million last year.
Analysts on consensus estimated earnings of $0.03 per share on revenues of $24.85 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company estimates net revenues of $25 million to $27 million.
Analysts currently expect revenues of $25.85 million for the first quarter.
Shares of the California-based company gained 4.7 percent in after-hours trade on the Nasdaq.
by RTT Staff Writer
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