Spansion Q3 Loss Widens - Quick Facts

(RTTNews) - Spansion Inc. (CODE) Thursday said third-quarter loss widened to $36.9 million or $0.63 per share from $3.2 million or $0.06 per share in the same period last year.

Adjusted earnings for the quarter was $16.6 million or $0.27 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $273.4 million from $239.7 million last year. Adjusted revenues for the quarter was $274.9 million. Analysts expected revenues of $285.49 million.

Looking ahead to the fourth quarter, the company expected to report a loss in the range of $0.37 to $0.33 per share, with revenues ranging between $305 million and $335 million. Analysts currently expect the company to earn $0.20 per share on fourth-quarter revenues of $326.50 million.