Integrated Device Technology, Inc. (IDTI), Monday reported fourth-quarter net loss of $10.6 million or $0.07 per share, compared to net profit of $12.8 million or $0.09 per share last year.
Adjusted income from continuing operations for the quarter dropped to $1.5 million or $0.01 per share from $7.1 million or $0.05 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the fourth quarter dropped to $108.5 million from $119.1 million last year. Analysts estimated revenues of $107.25 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.