WASHINGTON (dpa-AFX) - Pixelworks Inc. (PXLW) reported Loss for fourth quarter that decreased from last year but missed the Street estimates.
The company's earnings totaled -$3.29 million, or -$0.06 per share. This compares with -$6.44 million, or -$0.15 per share, in last year's fourth quarter.
Excluding items, Pixelworks Inc. reported adjusted earnings of -$1.44 million or -$0.03 per share for the period.
Analysts on average had expected the company to earn -$0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 72.1% to $16.59 million from $9.64 million last year.
Pixelworks Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$3.29 Mln. vs. -$6.44 Mln. last year. -EPS (Q4): -$0.06 vs. -$0.15 last year. -Analyst Estimates: -$0.05 -Revenue (Q4): $16.59 Mln vs. $9.64 Mln last year.
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