International Rectifier Turns To Profit In Q3 - Quick Facts

(RTTNews) - International Rectifier Corp. (IRF) said third-quarter net income was $19.14 million, or $0.26 per share, compared to a net loss of $21.25 million or $0.31 per share in the prior-year quarter.

Excluding items, adjusted income for the quarter was $19.71 million or $0.27 per share, compared to loss of $19.83 million or $0.29 per share in the year-ago quarter.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter improved 20.1 percent to $269.27 million from $224.27 million in the same quarter last year. Analysts expected revenues of $269.14 million.

Looking ahead to the second quarter, the company forecasts revenues in the range of $280 million to $295 million. Analysts currently expect second-quarter revenues of $283.54 million.