Semiconductor manufacturer Supertex, Inc. (SUPX) Tuesday, reported that its profit for the third-quarter declined from the prior year quarter.
Supertex posted a net income of $1.97 million or $0.15 per share for the quarter, compared to $2.61 million or $0.20 per share for the previous year quarter.
Excluding charges, net income was $2.8 million or $0.22 per share, compared to $3.3 million or $0.25 per share in the prior year quarter.
Net sales for the third quarter decreased 5% to $16.74 million from $17.60 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share on revenues of $17.16 million for the quarter. Analysts' estimates typically exclude special items.
For the nine months, net income including charges was $3.96 million or $0.31 per share, as compared with $11.6 million or $0.90 per share in the same period of the prior fiscal year.
Nine-month net sales were $46.16 million, compared to $63.80 million for the same period of the prior fiscal year.
The company indicated that the fourth fiscal quarter sales of medical ultrasound products and foundry services, as well as sales of proprietary products and foundry services in all the target markets, will increase in total by 8 to 12% over the third fiscal quarter, as the book to bill ratio at the end of the third fiscal quarter was about 1.2.
SUPX closed Tuesday's regular trading at $28.59 up $0.97 or 3.51% on a volume of 0.205 million shares on the Nasdaq. However, in the after hour trading the stock further gained to $28.94 up $0.35 or 1.22%.
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