Intersil Posts Q3 Loss

(RTTNews) - Intersil Corp. (ISIL) Wednesday reported third-quarter net loss of $8.2 million or $0.06 per share, compared to net income of $2.0 million or $0.02 per share last year.

Adjusted earnings rose to $0.20 per share from $0.10 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $152.6 million compared to $151.4 million last year. Analysts estimated revenues of $149.14 million for the quarter.

Looking forward to the fourth quarter, the company expects earnings of breakeven to $0.01 per share, adjusted earnings of $0.16 to $0.18 per share, and revenues of $142 million to $148 million. Analysts currently estimate earnings of $0.16 per share and revenues of $144.73 million for the quarter.