Zoran Corp. (ZRAN) reported a fourth-quarter GAAP net loss of $2.9 million or $0.06 per share compared to a GAAP net loss of $20.2 million or $0.40 per share for the fourth quarter of the prior year.
Non-GAAP net income was $0.5 million or $0.01 per share compared to a non-GAAP net loss of $10.5 million or $0.21 per share for the same period last year.
On average, 13 analysts polled by Thomson Reuters expected the company to report a loss $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues were $93.3 million compared to $74.7 million for the fourth quarter of 2008. Analysts expected revenue of $94.01 million for the quarter.
The company is currently expecting first quarter 2010 revenues to range between $90 million and $94 million. The company expects to record a first quarter GAAP loss in the range of $0.06-$0.10 per share on approximately 51.5 million shares. On a non-GAAP basis, which excludes acquisition-related amortization costs and stock-based compensation expenses, the company expects to record a first quarter loss of $0.02-$0.05 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.