Entropic Communications Inc. (ENTR) reported fourth quarter GAAP net income attributable to common stockholders of $1.02 million or $0.01 per share, compared to a loss of $118.94 million or $1.74 per share in the prior year quarter.
Non-GAAP net income for the quarter was $3.6 million, or $0.05 per share, compared to a loss of $433 thousand or $0.01 per share in the year-ago quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter was $35.1 million, up 19% from $29.5 million in the prior year. Analysts expected revenue of $34.77 million for the quarter.
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