Exar Corp. Q4 Profit Retreats 32%

(RTTNews) - Exar Corp. (EXAR) announced earnings for fourth quarter that declined compared to the same period last year.

The company said its bottom line dropped to $3.82 million, or $0.08 per share. This was lower than $5.64 million, or $0.11 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.1% to $36.78 million. This was down from $43.86 million last year.

Exar Corp. earnings at a glance:

-Earnings (Q4): $3.82 Mln. vs. $5.64 Mln. last year. -Earnings Decline (Y-o-Y): -32.3% -EPS (Q4): $0.08 vs. $0.11 last year. -EPS Decline (Y-o-Y): -27.3% -Analysts Estimate: $0.09 -Revenue (Q4): $36.78 Mln vs. $43.86 Mln last year. -Revenue Change (Y-o-Y): -16.1%

-Guidance: Next quarter EPS guidance: $0.09 to $0.13