Spreadtrum Communications Q3 Profit Rises - Quick Facts

(RTTNews) - Spreadtrum Communications Inc. (SPRD) Monday reported third-quarter profit of $35.7 million, up from $23.2 million in the same period last year. On a per-ADS basis, earnings increased to $0.64 from $0.44 per share last year.

Adjusted earnings for the quarter was $41.2 million or $0.74 per ADS. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 56.1 percent to $293.3 million from $187.9 million last year. Analysts expected revenues of $257.44 million.