, a developer of high-bandwidth chip connection technologies, reported earnings that beat analysts' expectations for the fourth quarter.
Excluding acquisition-related costs, one-time employee compensation expenses and a one-time tax adjustment, fourth quarter income rose to $10.2 million, or 9 cents a diluted share. The company earned $2.7 million, or 3 cents a share, a year ago. According to a
First Call/Thomson Financial
survey, three analysts were expecting the company to earn 6 cents a share for the latest period.
Revenue for the quarter rose to $26.9 million from $12.3 million in the year-ago period.