Exar Corp. Bottom Line Falls 43% In Q3

(RTTNews) - Exar Corp. (EXAR) revealed a profit for third quarter that retreated from last year.

The company said its profit came in at $3.10 million, or $0.07 per share. This was down from $5.42 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.5% to $37.44 million. This was down from $44.32 million last year.

Exar Corp. earnings at a glance:

-Earnings (Q3): $3.10 Mln. vs. $5.42 Mln. last year. -Earnings Decline (Y-o-Y): -42.8% -EPS (Q3): $0.07 vs. $0.11 last year. -EPS Decline (Y-o-Y): -36.4% -Analysts Estimate: $0.11 -Revenue (Q3): $37.44 Mln vs. $44.32 Mln last year. -Revenue Change (Y-o-Y): -15.5%

-Guidance: Next quarter EPS guidance: $0.08 - $0.10