Pixelworks Inc. (PXLW) announced Loss for its fourth quarter that decreased from the same period last year and beat the Street estimates.
The company's bottom line totaled -$5.36 million, or -$0.09 per share. This compares with -$3.74 million, or -$0.07 per share, last year.
Excluding items, Pixelworks Inc. reported adjusted earnings of -$4.33 million or -$0.07 per share for the period.
Analysts on average had expected the company to earn -$0.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 54.7% to $9.09 million from $20.07 million last year.
Pixelworks Inc. earnings at a glance (GAAP) :
-Earnings: -$5.36 Mln. vs. -$3.74 Mln. last year.
-EPS: -$0.09 vs. -$0.07 last year.
-Revenue: $9.09 Mln vs. $20.07 Mln last year.
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