* Q4 adj EPS $0.38 vs est $0.18
* Q4 revenue beats estimates
* Stock up 8 percent in after the bell trading
March 4 (Reuters) - Strong sales of Internet protocol television chips drove Sigma Designs Inc's quarterly profit, which beat market estimates, and sent its shares up as much as 10 percent.
The company, which makes chips for the IPTV set-top box market and Blu-ray players, said the IPTV market was showing resiliency to the current economic turmoil and would continue to do so throughout the year.
IPTV formed 77 percent of revenue in the quarter.
Fourth-quarter earnings of 24 cents a share was however lower than the $1.12 it reported share a year ago. Excluding items, the company earned 38 cents a share.
Revenue fell 38 percent to $47.3 million.
Analysts expected earnings of 18 cents a share, excluding exceptional items, on revenue of $43.4 million, according to Reuters Estimates.
Sigma shares rose $1.39 to $15.60 in after-the-bell trade. They closed at $14.21 Wednesday on Nasdaq.
(Reporting by S. John Tilak in Bangalore, Editing by Dinesh Nair) Keywords: SIGMADESIGNS/ (john.tilak@thomsonreuters.com; +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: john.tilak.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q4 revenue beats estimates
* Stock up 8 percent in after the bell trading
March 4 (Reuters) - Strong sales of Internet protocol television chips drove Sigma Designs Inc's quarterly profit, which beat market estimates, and sent its shares up as much as 10 percent.
The company, which makes chips for the IPTV set-top box market and Blu-ray players, said the IPTV market was showing resiliency to the current economic turmoil and would continue to do so throughout the year.
IPTV formed 77 percent of revenue in the quarter.
Fourth-quarter earnings of 24 cents a share was however lower than the $1.12 it reported share a year ago. Excluding items, the company earned 38 cents a share.
Revenue fell 38 percent to $47.3 million.
Analysts expected earnings of 18 cents a share, excluding exceptional items, on revenue of $43.4 million, according to Reuters Estimates.
Sigma shares rose $1.39 to $15.60 in after-the-bell trade. They closed at $14.21 Wednesday on Nasdaq.
(Reporting by S. John Tilak in Bangalore, Editing by Dinesh Nair) Keywords: SIGMADESIGNS/ (john.tilak@thomsonreuters.com; +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: john.tilak.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.