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."
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.