Sigma Designs Inc. Q4 Earnings Fall 39%

(RTTNews) - Sigma Designs Inc. (SIGM) released a profit for fourth quarter that lost ground from last year.

The company said its earnings dropped to $0.90 million, or $0.02 per share. This was down from $1.48 million, or $0.04 per share, in last year's fourth quarter.

Analysts had expected the company to earn -$0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.2% to $51.45 million. This was down from $54.85 million last year.

Sigma Designs Inc. earnings at a glance:

-Earnings (Q4): $0.90 Mln. vs. $1.48 Mln. last year. -Earnings Decline (Y-o-Y): -39.2% -EPS (Q4): $0.02 vs. $0.04 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: -$0.05 -Revenue (Q4): $51.45 Mln vs. $54.85 Mln last year. -Revenue Change (Y-o-Y): -6.2%