Intersil Q1 Adj. Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - Intersil Corp. (ISIL) Wednesday reported first-quarter net income of $10.0 million or $0.08 per share, compared to $2.5 million or $0.02 per share in the comparable quarter last year.

Adjusted earnings for the latest first quarter were $22.2 million or $0.17 per share, up from $7.2 million or $0.06 per share in the prior year quarter.

Revenues grew 6% to $140.06 million from $131.72 million last year.

Aalysts polled by Thomson Reuters expected earnings of $0.14 per share on revenues of $136.70 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company expects earnings of $0.08 to $0.10 per share, adjusted earnings of $0.17 to $0.19 per share and revenues of $144 to $150 million. Analysts currently estimate earnings of $0.16 and revenues of $144.01 million for the quarter.