Integrated Device Technology Inc. (IDTI) reported that its second-quarter net income increased to $60.5 million or $0.36 per share from $11.7 million or approximately $0.07 per share last year.
Non-GAAP net income was $12.2 million or $0.07 per share compared to $43.3 million or $0.25 per share a year ago.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue was $139.5 million compared to $200.5 million a year ago. Analysts expected revenue of $131.30 million for the quarter.
For comments and feedback: editorial@rttnews.com