Spreadtrum Communications Inc. (SPRD) reported that its third-quarter net income totaled US$23.2 million down from US$39.3 million in the year ago quarter. Income per ADS for the quarter was US$0.44 compared to US$0.75 last year.
Excluding share-based compensation expenses, the company's non-GAAP net income for the latest-quarter was US$29.3 million, down from US$43.5 million in the prior year quarter.
Non-GAAP net income per ADS was US$0.56, compared with US$0.83 per ADS last year.
Revenue for the quarter totaled US$187.9 million, up from US$184.8 million in the comparable quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.48 per share on revenues of US$182.93 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the fourth-quarter, the company expects revenue to be in the range of US$189 million to US$196 million, which is a sequential increase of 0.6% to 4.3%, with a flat gross margin relative to the third quarter. Six analysts have consensus revenue estimate of $189.88 million for the fourth-quarter.
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