logo
Share SHARE
FONT-SIZE Plus   Neg

EZchip Semiconductor Turns To Profit In Q4 - Quick Facts

EZchip Semiconductor Ltd. (EZCH) reported that net income, on a GAAP basis, for the fourth quarter of 2012 was $4.8 million, or $0.17 per share, compared to net loss of $6.0 million or $0.22 per share, in the fourth quarter of 2011. The prior year quarter result included a one-time charge due to early repayment of $9.9 million to the Israeli Office of Chief Scientist or OCS.

Net income, on a non-GAAP basis, for the fourth quarter of 2012 was $7.8 million, or $0.26 per share, compared to non-GAAP net income of $6.3 million, or $0.22 per share, in the fourth quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues in the fourth quarter of 2012 were $15.2 million, an increase of 7% compared to $14.3 million in the fourth quarter of 2011. Ten analysts had consensus revenue estimate of $14.00 million for the quarter.

Eli Fruchter, CEO of EZchip said,"Looking ahead, we believe that high-end NPUs, such as the NP-4, are required for high-end edge routers to be competitive. Therefore, based on the success of our customer products in the marketplace and the level of carriers' investment in Internet infrastructure, we believe NP-4 can significantly increase our revenues in the next few years. As for this year, we expect year-over-year growth in both Q1 and 2013, also when compared with 2011."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Canadian power company Emera has agreed to buy Teco Energy Inc for $27.55 per share in cash as part of efforts to expand into Florida and New Mexico. The announcement sent Teco shares surging 28 percent in after-hours trade on the New York Stock Exchange. Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the...
comments powered by Disqus
RELATED NEWS
Trade EZCH now with 
Follow RTT