Volterra Semiconductor Q2 Profit Plunges

(RTTNews) - Volterra Semiconductor Corporation (VLTR), Monday reported second-quarter net income of $0.7 million or $0.03 per share, down from $6.0 million or $0.22 per share last year.

Adjusted net income was $3.2 million or $0.13 per share, compared to $8.5 million or $0.32 per share last year.

Net revenues for the second quarter decreased 21 percent to $34.4 million from $43.6 million a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.16 per share on revenues of $35.61 million for the quarter. Analysts' estimates typically exclude special items.