Vicor Corp Profit Rises In Q3, Beats estimates

(RTTNews) - Vicor Corp (VICR) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $16.6 million, or $0.37 per share. This compares with $1.8 million, or $0.04 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.6% to $107.8 million from $103.1 million last year.

Vicor Corp earnings at a glance (GAAP) :

-Earnings (Q3): $16.6 Mln. vs. $1.8 Mln. last year. -EPS (Q3): $0.37 vs. $0.04 last year. -Analyst Estimate: $0.31 -Revenue (Q3): $107.8 Mln vs. $103.1 Mln last year.