Integrated Device Technology, Inc. (IDTI), Monday reported fourth-quarter net loss of $10.6 million or $0.07 per share, compared to net profit of $12.8 million or $0.09 per share last year.
Adjusted income from continuing operations for the quarter dropped to $1.5 million or $0.01 per share from $7.1 million or $0.05 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the fourth quarter dropped to $108.5 million from $119.1 million last year. Analysts estimated revenues of $107.25 million for the quarter.
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