Power Integrations Inc. Reveals 5% Decline In Q4 Earnings

(RTTNews) - Power Integrations Inc. (POWI) reported earnings for fourth quarter that dropped from last year.

The company said its profit fell to $16.89 million, or $0.58 per share. This was lower than $17.80 million, or $0.59 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $87.29 million. This was up from $86.60 million last year.

Power Integrations Inc. earnings at a glance:

-Earnings (Q4): $16.89 Mln. vs. $17.80 Mln. last year. -Earnings Decline (Y-o-Y): -5.1% -EPS (Q4): $0.58 vs. $0.59 last year. -EPS Decline (Y-o-Y): -1.7% -Analysts Estimate: $0.53 -Revenue (Q4): $87.29 Mln vs. $86.60 Mln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Next quarter revenue guidance: $84 Mln