WASHINGTON (dpa-AFX) - Pixelworks Inc. (PXLW) revealed Loss for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled -$10.15 million, or -$0.17 per share. This compares with -$6.04 million, or -$0.11 per share, in last year's second quarter.
Excluding items, Pixelworks Inc. reported adjusted earnings of -$7.73 million or -$0.13 per share for the period.
Analysts on average had expected the company to earn -$0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 37.3% to $8.54 million from $13.61 million last year.
Pixelworks Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$10.15 Mln. vs. -$6.04 Mln. last year. -EPS (Q2): -$0.17 vs. -$0.11 last year. -Revenue (Q2): $8.54 Mln vs. $13.61 Mln last year.
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