Pericom Semiconductor Corp. (PSEM) posted first-quarter net income of $1.3 million or $0.05 per share compared with $3.7 million or $0.14 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share. Analysts' estimates typically exclude special items.
Net revenues for the quarter were $33.0 million, down 24.8%, compared with $43.8 million in the previous year period.Analysts expected revenues of $32.00 million for the quarter.
Looking ahead for the second-quarter, the company expects net income from unconsolidated affiliates PTI and JCP to be about $0.4 million and revenues in the range of $34.0 million - $36.0 million. Analysts currently expect revenues of $33.20 million for the second 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.