WASHINGTON (dpa-AFX) - Hittite Microwave Corporation (HITT) reported financial results for the third quarter of 2012. Net income was $17.7 million, or $0.57 per diluted share, a decrease of 21.1% compared with $22.4 million, or $0.73 per share, for the third quarter of 2011.
Third-quarter revenue of $67.2 million, a decrease of 1.4% compared with $68.1 million for the third quarter of 2011. The company expects revenue for the fourth quarter ending December 31, 2012 to be in the range of $66.5 million to $68.5 million and net income to be in the range of $16.7 million to $17.6 million, or $0.54 to $0.57 per share.
Analysts polled by Thomson Reuters expected the company to report profit of $0.53 per share on revenue of $66.13 million for the quarter. Analysts' estimates typically exclude special items. Analysts expect the company to report fourth-quarter profit per share of $0.55 on revenue of $67.63 million.
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