Pixelworks Inc. Q1 Loss Increases, but beats estimates

(RTTNews) - Pixelworks Inc. (PXLW) announced Loss for first quarter that decreased from last year but missed the Street estimates.

The company's earnings came in at -$4.59 million, or -$0.09 per share. This compares with -$8.08 million, or -$0.16 per share, in last year's first quarter.

Excluding items, Pixelworks Inc. reported adjusted earnings of -$3.46 million or -$0.06 per share for the period.

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

The company's revenue for the quarter rose 79.4% to $16.63 million from $9.27 million last year.

Pixelworks Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$4.59 Mln. vs. -$8.08 Mln. last year. -EPS (Q1): -$0.09 vs. -$0.16 last year. -Analyst Estimates: -$0.07 -Revenue (Q1): $16.63 Mln vs. $9.27 Mln last year.