Integrated Silicon Solution Q1 Profit Up

(RTTNews) - Integrated Silicon Solution Inc. (ISSI) Wednesday reported first-quarter profit of $5.4 million or $0.18 per share, up from $2.5 million or $0.09 per share in the same period last year.

Adjusted earnings for the quarter was $5.4 million or $0.18 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $79.1 million from $76.4 million last year. Analysts expected revenues of $78.82 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.10 to $0.14 per share, with adjusted earnings ranging between $0.18 and $0.22 per share. Revenues are expected to range between $77.0 million and $82.0 million.

Analysts currently expect the company to earn $0.22 per share on revenues of $79.66 million.