Techwell, Inc. (TWLL) posted fourth-quarter net income of $3.7 million or $0.16 per share compared with $1.6 million or $0.07 per share in the same quarter last year.
Total revenue for the quarter increased to $22.8 million from $16.5 million in the prior year period.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share on revenues of $21.95 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead for the first quarter, the company expects revenue to range between $19.5 million to $20.5 million. Analysts currently expect revenues of $20.07 million for the first quarter.
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