posted higher third-quarter earnings, crediting the results to increased volume, continuing cost reductions, productivity improvements and price increases.
The maker of passive electronic components, discrete semiconductors and other products earned $171.1 million, or $1.22 a share, up from $25.7 million, or 20 cents a share last year. The latest quarter includes a gain of $8.4 million, or 4 cents a share, for the sale of the company's interest in
Lite-On Power Semiconductor
. Six analysts polled by
First Call/Thomson Financial
expected the company to earn 97 cents a share in the latest period.
Sales for the third quarter increased by 51% to $669.8 million from $443.7 million last year.