* Q1 adj shr $0.29 vs est $0.23
* Q1 rev $65.2 mln vs est $62.72 mln
May 26 (Reuters) - Chipmaker Sigma Designs posted quarterly results ahead of Wall Street expectations, aided by strength in its IPTV and home connectivity businesses.
Sigma's net income for the first quarter fell to $1.1 million, or 4 cents a share, from $2.7 million, or 10 cents a share, a year ago.
Excluding items, the company earned 29 cents a share.
Revenue rose 27 percent to $65.2 million.
IPTV market sales remained strong despite supply side limitations, the company said in a statement.
Analysts on average were looking for earnings of 23 cents a share, on revenue of $62.72 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $10.41 Wednesday on Nasdaq.
(Reporting by Mansi Dutta in Bangalore; Editing by Unnikrishnan Nair) Keywords: SIGMADESIGNS/ (mansi.dutta@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: mansi.dutta.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. 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.
* Q1 rev $65.2 mln vs est $62.72 mln
May 26 (Reuters) - Chipmaker Sigma Designs posted quarterly results ahead of Wall Street expectations, aided by strength in its IPTV and home connectivity businesses.
Sigma's net income for the first quarter fell to $1.1 million, or 4 cents a share, from $2.7 million, or 10 cents a share, a year ago.
Excluding items, the company earned 29 cents a share.
Revenue rose 27 percent to $65.2 million.
IPTV market sales remained strong despite supply side limitations, the company said in a statement.
Analysts on average were looking for earnings of 23 cents a share, on revenue of $62.72 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $10.41 Wednesday on Nasdaq.
(Reporting by Mansi Dutta in Bangalore; Editing by Unnikrishnan Nair) Keywords: SIGMADESIGNS/ (mansi.dutta@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: mansi.dutta.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. 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.