saw its fourth-quarter profits drop but beat Wall Street's estimates, reporting net income of $3.9 million, or 24 cents a share, compared with $7.4 million, or 47 cents a share, in the year-ago quarter. Analysts had been expecting 18 cents a share, according to Thomson Financial/First Call.
Sales for the quarter were $48 million, down from $60.9 million a year ago.
The wireless communication and computer materials company also said it expects first-quarter earnings of 18 cents to 22 cents a share on revenue of $50 million to $53 million. First Call analysts are expecting 22 cents a share.