Sigma Designs Inc. Q2 Income Declines 43%

(RTTNews) - Sigma Designs Inc. (SIGM) released a profit for second quarter that dropped from last year.

The company said its earnings fell to $2.55 million, or $0.07 per share. This was lower than $4.46 million, or $0.12 per share, in last year's second quarter.

Analysts had expected the company to earn $0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.2% to $61.32 million. This was up from $58.31 million last year.

Sigma Designs Inc. earnings at a glance:

-Earnings (Q2): $2.55 Mln. vs. $4.46 Mln. last year. -Earnings Decline (Y-o-Y): -42.8% -EPS (Q2): $0.07 vs. $0.12 last year. -EPS Decline (Y-o-Y): -41.7% -Analysts Estimate: $0.01 -Revenue (Q2): $61.32 Mln vs. $58.31 Mln last year. -Revenue Change (Y-o-Y): 5.2%