Hittite Microwave Q4 Profit Shrinks - Quick Facts

(RTTNews) - Hittite Microwave Corporation (HITT) Thursday reported fourth-quarter profit of $16.5 million or $0.53 per share, down from $17.7 million or $0.57 per share in the same period last year.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $68.8 million from $68.5 million last year. Analysts expected revenues of $67.58 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.49 to $0.53 per share, with revenues ranging between $67.5 million and $69.5 million. Analysts currently expect the company to report first-quarter earnings of $0.59 per share on revenues of $68.34 million.