Supertex Inc. (SUPX) reported GAAP net income of $1.97 million or $0.15 per share for the third quarter, compared to $2.61 million or $0.20 per share in the year-ago quarter.
Non-GAAP net income was $2.8 million or $0.22 per share, compared to $3.3 million or $0.25 per share in the prior year quarter.
Net sales for the third quarter decreased 5% to $16.74 million from $17.60 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.14 per share on revenue of $17.16 million for the quarter. Analysts' estimates typically exclude special items.
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