TranSwitch Q2 Loss Narrows - Quick Facts

(RTTNews) - TranSwitch Corp. (TXCC) Wednesday reported second-quarter net loss of $3.8 million, or $0.08 per share, narrower than $6.0 million or $0.19 per share in the same period last year.

Non-GAAP net loss for the latest second quarter narrowed to $3.1 million or $0.07 per share from $5.0 million or $0.16 per share in the prior year quarter. On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share. Analysts' estimates typically exclude special items.

Total net revenues declined to $2.84 million from $3.83 million last year, while two analysts had consensus revenue estimate of $5.20 million for the quarter.