Exar Corp. Announces 252% Rise In Q1 Earnings

(RTTNews) - Exar Corp. (EXAR) reported a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $3.80 million, or $0.08 per share. This was up from $1.08 million, or $0.02 per share, in last year's first quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $27.14 million. This was down from $28.18 million last year.

Exar Corp. earnings at a glance:

-Earnings (Q1): $3.80 Mln. vs. $1.08 Mln. last year. -Earnings Growth (Y-o-Y): 251.9% -EPS (Q1): $0.08 vs. $0.02 last year. -EPS Growth (Y-o-Y): 300% -Analysts Estimate: $0.07 -Revenue (Q1): $27.14 Mln vs. $28.18 Mln last year. -Revenue Change (Y-o-Y): -3.7%

-Guidance: Next quarter EPS guidance: $0.07 to $0.09