Intersil Corp. Bottom Line Falls 8% In Q1

(RTTNews) - Intersil Corp. (ISIL) announced earnings for first quarter that dropped from last year.

The company said its bottom line declined to $21.20 million, or $0.15 per share. This was down from $22.93 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.6% to $129.28 million. This was down from $134.15 million last year.

Intersil Corp. earnings at a glance:

-Earnings (Q1): $21.20 Mln. vs. $22.93 Mln. last year. -Earnings Decline (Y-o-Y): -7.5% -EPS (Q1): $0.15 vs. $0.17 last year. -EPS Decline (Y-o-Y): -11.8% -Analysts Estimate: $0.15 -Revenue (Q1): $129.28 Mln vs. $134.15 Mln last year. -Revenue Change (Y-o-Y): -3.6%

-Guidance: Next quarter EPS guidance: $0.15 to $0.17 Next quarter revenue guidance: $130 to $136 Mln