Exar Corp. Q3 Profit Climbs 285%

(RTTNews) - Exar Corp. (EXAR) released earnings for its third quarter that advanced from last year.

The company said its bottom line totaled $3.43 million, or $0.07 per share. This was up from $0.89 million, or $0.02 per share, in last year's third quarter.

The company said revenue for the quarter rose 7.5% to $27.22 million. This was up from $25.31 million last year.

Exar Corp. earnings at a glance:

-Earnings (Q3): $3.43 Mln. vs. $0.89 Mln. last year. -Earnings Growth (Y-o-Y): 285.4% -EPS (Q3): $0.07 vs. $0.02 last year. -EPS Growth (Y-o-Y): 250.0% -Revenue (Q3): $27.22 Mln vs. $25.31 Mln last year. -Revenue Change (Y-o-Y): 7.5%

-Guidance: Next quarter EPS guidance: $0.07 - $0.09 Next quarter revenue guidance: $27.7 Mln