reported third-quarter earnings that beat analysts' expectations for the period.
Excluding noncash items, income in the third quarter ended Sept. 30 rose to $6.5 million, or 13 cents a diluted share, from $4.4 million, or 10 cents a share, in the year-ago period, which was taxed at a lower rate. Analysts were expecting the company, a maker of mixed-signal integrated circuits, to earn 11 cents a share, according to a
First Call/Thomson Financial
survey of three analysts.
Sales in the third quarter rose to $29.4 million from $14.6 million in the same period a year ago.