Exar Corp. Announces 11% Advance In Q2 Profit

(RTTNews) - Exar Corp. (EXAR) reported a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $2.77 million, or $0.06 per share. This was higher than $2.50 million, or $0.05 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 14.0% to $37.24 million. This was down from $43.32 million last year.

Exar Corp. earnings at a glance:

-Earnings (Q2): $2.77 Mln. vs. $2.50 Mln. last year. -Earnings Growth (Y-o-Y): 10.8% -EPS (Q2): $0.06 vs. $0.05 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.06 -Revenue (Q2): $37.24 Mln vs. $43.32 Mln last year. -Revenue Change (Y-o-Y): -14.0%

-Guidance: Next quarter EPS guidance: $0.06 - $0.08 Full year EPS guidance: $0.30 - $0.34 Full year revenue guidance: $153 - $156 Mln