Mellanox Technologies, Ltd. (MLNX) Wednesday reported first-quarter net income of $8.5 million or $0.20 per share from $12.4 million or $0.29 per share in the comparable quarter last year.
Adjusted net income was $4.3 million or $0.10 per share, compared to $22.0 million or $0.51 per share in the previous year quarter.
Revenues totaled $83.08 million, down 6.4% from $88.74 million in the year-ago period.
On average, analysts polled by Thomson Reuters expected the company to earn $0.04 per share on revenue of $80.77 million for the first quarter. Analysts' estimates typically exclude special items.
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