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IXYS Q1 Profit Falls

IXYS Corp. (IXYS) reported first-quarter net income of $6.0 million or $0.19 per share, down from $10.0 million or $0.30 per share in the comparable quarter last year.

On average, 2 analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the latest quarter declined to $80.9 million from $101.8 million last year.

by RTTNews Staff Writer

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