Sigma Designs Inc. Q3 Profit Declines 29%

(RTTNews) - Sigma Designs Inc. (SIGM) released earnings for third quarter that declined from last year.

The company said its bottom line declined to $3.34 million, or $0.09 per share. This was down from $4.71 million, or $0.13 per share, in last year's third quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $62.73 million. This was up from $61.58 million last year.

Sigma Designs Inc. earnings at a glance:

-Earnings (Q3): $3.34 Mln. vs. $4.71 Mln. last year. -Earnings Decline (Y-o-Y): -29.1% -EPS (Q3): $0.09 vs. $0.13 last year. -EPS Decline (Y-o-Y): -30.8% -Analysts Estimate: $0.08 -Revenue (Q3): $62.73 Mln vs. $61.58 Mln last year. -Revenue Change (Y-o-Y): 1.9%