Thursday, Hittite Microwave Corp. (HITT) reported third-quarter net income of $12.0 million or $0.40 per share, a down from $13.7 million or $0.44 per share in the same quarter last year.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $41.5 million, down 8.9% from $45.5 million in the comparable quarter last year. Analysts expected the company to report revenue of $40.68 illion for the quarter.
Looking ahead to the fourth quarter, the company expects revenue to be in the range of $42.5 million - $43.5 million with net income in the range of $11.3 million - $12.3 million or $0.38 - $0.41 per share. Analysts currently anticipate the company to earn $0.37 per share on revenue of $42.00 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.