Sigma Designs, Inc. (SIGM) Wednesday reported first-quarter net loss of $4.5 million or $0.13 per share, narrower than $13.7 million or $0.42 per share in the comparable quarter prior year.
Adjusted net income for the latest quarter was $0.3 million or $0.01 per share. On average, two analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, quarterly revenues rose 31% to $52.54 million from $40.26 million last year, while two analysts expected revenues of $50.42 million for the quarter.
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