Advanced Analogic Technologies narrows fourth-quarter loss to $4 million as sales rise 12 pct
By APThursday, February 4, 2010
Advanced Analogic narrows 4Q loss to $4 million
SANTA CLARA, Calif. — Advanced Analogic Technologies Inc., which makes chips for wireless phones and digital cameras, reported Thursday that its fourth-quarter loss narrowed to $4 million as sales rose 12 percent.
The loss for the three-month period was equivalent to 9 cents a share, compared to a loss of $15.4 million, or 34 cents a share, a year earlier.
Revenue in the quarter rose to $20.8 million from $18.6 million a year earlier.
Analysts surveyed by Thomson Reuters, who generally exclude one-time items from their estimates, were expecting a fourth-quarter loss of 5 cents a share on revenue of $20.7 million.
The company reported a full-year loss of $12.7 million, or 29 cents a share, compared to a loss of $20.1 million, or 44 cents a share, in 2008. Twelve-month revenue came to $86.5 million, compared to $90.3 million in 2008.
For the first quarter of 2010, the company expects a net loss in the range 10 cents a share to 12 cents a share on revenue in the range of $21 million to $23 million. Analysts were expecting a loss of 7 cents a share on revenue of $19.7 million.
