WASHINGTON (dpa-AFX) - Power Integrations Inc. (POWI) announced a profit for its fourth quarter that gained ground from last year.
The company said its bottom line totaled $20.17 million, or $0.67 per share. This was up from $16.89 million, or $0.58 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 15.8% to $101.11 million. This was up from $87.29 million last year.
Power Integrations Inc. earnings at a glance:
-Earnings (Q4): $20.17 Mln. vs. $16.89 Mln. last year. -Earnings Growth (Y-o-Y): 19.4% -EPS (Q4): $0.67 vs. $0.58 last year. -EPS Growth (Y-o-Y): 15.5% -Analysts Estimate: $0.62 -Revenue (Q4): $101.11 Mln vs. $87.29 Mln last year. -Revenue Change (Y-o-Y): 15.8%
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