EZchip Semiconductor Q3 Profit Down

(RTTNews) - EZchip Semiconductor Ltd. (EZCH) Wednesday reported third-quarter net income of $4.2 million or $0.14 per share, down from $6.5 million or $0.22 per share last year.

Adjusted income for the quarter dropped to $8.5 million or $0.28 per share from $10.1 million or $0.33 per share last year.

Total revenues for the quarter rose 2 percent to $19.2 million from $18.8 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenues of $20.04 million for the quarter. Analyst' estimates typically exclude special items.