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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