Sigma Designs Reports Smaller Q3 Net Loss

(RTTNews) - Sigma Designs, Inc. (SIGM) reported net loss for the third quarter of $0.6 million, or $0.02 per share compared with $3.0 million, or $0.09 per share loss for the year-earlier period.

Non-GAAP net income for the period was $1.5 million, or $0.04 per diluted share versus $3.3 million, or $0.10 per share, during the same period last year.

Net revenues for the third quarter were $53.8 million, down 1.1%, from $54.4 million reported for the year-ago quarter.

Analysts expected the company to report net income of $0.01 per share on revenues of $53.19 million for the period. Analysts' estimates usually exclude one-time items.