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Sigma Designs Inc. Q3 Income Rises 220%
December 08, 2015, 03:28:00 PM EDT By RTT News
Shutterstock photo
(RTTNews.com) - Sigma Designs Inc. (
SIGM
) released earnings for its third quarter that climbed compared to the same period last year.
The company said its bottom line totaled $4.71 million, or $0.13 per share.
This was higher than $1.47 million, or $0.04 per share, in last year's third quarter.
Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 14.5% to $61.58 million. This was up from $53.78 million last year.
Sigma Designs Inc. earnings at a glance:
-Earnings (Q3): $4.71 Mln. vs. $1.47 Mln. last year.
-Earnings Growth (Y-o-Y): 220.4%
-EPS (Q3): $0.13 vs. $0.04 last year.
-EPS Growth (Y-o-Y): 225.0%
-Analysts Estimate: $0.11
-Revenue (Q3): $61.58 Mln vs. $53.78 Mln last year.
-Revenue Change (Y-o-Y): 14.5%
Sigma Design to Notch Biggest Tumble Since 1997 -- Market Talk
5 hours 53 minutes ago - DJNF
15:46 ET - Well-below-consensus F4Q revenue guidance has shares of Sigma Designs (SIGM) at 1-year lows and poised to notch their biggest 1-day decline (32%) since the record 35% seen on Valentine's Day 1997. But Benchmark remains upbeat on the semiconductor firm even while cutting its price target 20% to $12. "Our bullish investment thesis centers on the likelihood the company will continue to grow rapidly and produce sales in excess of consensus views" on overall strength in ultra-HD TVs and the "expanding market and ecosystem for the Z-Wave short-range, mesh wireless-networking standard." (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
December 09, 2015 15:46 ET (20:46 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Read more: http://www.nasdaq.com/article/sigma-designs-i...z3tshkCmBD
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