Spreadtrum Communications Inc. (SPRD) reported second-quarter net income attributable to the company of $21.0 million or $0.41 per ADS, compared to $32.5 million or $0.60 per ADS last year.
Non-GAAP net income for the quarter was $29.6 million or $0.58 per ADS, compared to $35.5 million or $0.65 per ADS last year.
On average, eight analysts polled by Thomson Reuters expected earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter increased 8.1 percent to $173.1 million from $160.2 million last year. Analysts estimated revenues of $171.44 million for the quarter.
Looking ahead to the third quarter, Spreadtrum expects revenue to be in the range of $178 million - $186 million. Analysts currently expect the company to generate revenues of $184.78 million for the third quarter.
For comments and feedback: editorial@rttnews.com