EZchip Q2 Profit Tops Estimate

(RTTNews) - EZchip Semiconductor Ltd. (EZCH) reported net income for the second quarter of $6.2 million or $0.21 per share, compared to $5.1 million or $0.18 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $11.0 million or $0.36 per share, compared to $8.7 million or $0.29 per share in the second quarter of 2013

Total revenues for the second quarter rose 33% to $22.10 million from $16.65 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.34 per share on revenue of $22.04 million for the second quarter. Analyst' estimates typically exclude special items.