reported second-quarter earnings that beat analysts' estimates by 2 cents, on the strength of robust growth in the North American market.
The San Jose, Calif., company reported earnings $114.1 million, or 32 cents a share, up from $59.2 million, or 17 cents a share, in the same period last year. A
First Call/Thomson Financial
poll of 24 analysts produced a mean earnings estimate of 30 cents a share for the quarter.
The company, which develops integrated circuits, software design tools and other products, said second-quarter revenue rose to $437.4 million from $238.8 million last year.