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GigaMedia Ltd. Q4 Earnings Summary

Below are the earnings highlights for GigaMedia Ltd. (GIGM):

Earnings: -$2.08 million in Q4 vs. $0.35 million in the same period last year.
EPS: -$0.19 in Q4 vs. $0.03 in the same period last year.
Revenue: $0.87 million in Q4 vs. $1.10 million in the same period last year.

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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