Power Integrations Inc. Q4 Profit Decreases, misses estimates

Power Integrations Inc. (POWI) reported earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at C$486 million, or C$0.73 per share. This compares with C$626 million, or C$0.93 per share, in last year's fourth quarter.

Excluding items, Power Integrations Inc. reported adjusted earnings of C$394 million or C$0.59 per share for the period.

Analysts on average had expected the company to earn C$0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Power Integrations Inc. earnings at a glance (GAAP) :

-Earnings (Q4): C$486 Mln. vs. C$626 Mln. last year.
-EPS (Q4): C$0.73 vs. C$0.93 last year.
-Analyst Estimates: C$0.98

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