Pixelworks Inc. (PXLW) reported Loss for first quarter that decreased from the same period last year in line with the Street estimates.
The company's bottom line came in at -$5.07 million, or -$0.09 per share. This compares with -$9.40 million, or -$0.17 per share, in last year's first quarter.
Excluding items, Pixelworks Inc. reported adjusted earnings of -$3.99 million or -$0.07 per share for the period.
Analysts on average had expected the company to earn -$0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 61.0% to $16.05 million from $9.97 million last year.
Pixelworks Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$5.07 Mln. vs. -$9.40 Mln. last year.
-EPS (Q1): -$0.09 vs. -$0.17 last year.
-Revenue (Q1): $16.05 Mln vs. $9.97 Mln last year.
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