NetLogic Microsystems, Inc. (NETL) said Thursday that it expects to report fourth quarter revenue of $96.2 million, a 4.2% decrease from $100.4 million in the fourth quarter of 2010.
For the full year 2011, the company expects to report revenue of $405.4 million, a 6.2% increase from $381.7 million for fiscal year 2010.
Analysts currently expect the company to post revenue of $110.58 million for the fourth quarter and $420.32 million for the full year 2011.
The company plans to announce its final fourth quarter and fiscal year 2011 results on February 15.
The company also said that it will be restating its quarterly financial statements in 2011 to account for a severance benefit accrual associated with an executive officer who left the company in December 2011.
The company has concluded that certain severance benefits should have been fully expensed during the three months ended March 31, 2011 rather than the quarter in which the executive resigned. Consequently, stock-based compensation expense of $4.0 million associated with accelerated vesting of the officer's equity awards, a cash severance payment of $384,000 and the related tax effect will be restated to record that expense in the first quarter of 2011.
The restatement has no impact on cash flows, any prior year or the full year 2011 results.
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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.