WASHINGTON (dpa-AFX) - Sigma Designs, Inc. (SIGM) reported a net loss for the second quarter of $7.6 million or $0.22 per share, compared to a net loss of $4.8 million or $0.14 per share for the same quarter last year.
Excluding items, adjusted net loss for the second quarter was $2.0 million or $0.06 per share, compared to adjusted net income of $2.0 million or $0.06 per share in the same quarter last year.
Net revenues for the second quarter fell 20.4% to $42.8 million from $53.8 million a year earlier.
Analysts polled By Thomson Reuters expected the company to report a loss of $0.08 per share on revenue of $41.99 million for the second quarter. Analysts' estimates typically exclude special items.
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