Intersil Q2 Profit Tops Estimate

(RTTNews) - Intersil Corp. (ISIL) reported net income for the second quarter of $13.6 million or $0.10 per share, compared to $1.0 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $26.0 million or $0.19 per share, compared to $18.4 million or $0.14 per share in the prior year quarter.

Revenue for the second quarter rose to $147.8 million from $144.8 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.18 per share on revenue of $146.93 million for the second quarter.

Looking forward to the third quarter, the company expects revenue to be flat to up 3%, earnings to be $0.10 to $0.11 per share and adjusted earnings to be $0.19 to $0.20 per share. Analysts currently expect the company to earn $0.19 per share on flat revenue for the third quarter.