SAN FRANCISCO (Thomson Financial) - Shares of Techwell Inc. slid Friday
after the semiconductor company reported a fourth-quarter profit that missed
Wall Street targets.
After Thursday's close, the San Jose, Calif.-based company said
fourth-quarter adjusted earnings came in at $4.76 million, or 22 cents a share,
down from $5.32 million, or 24 cents a share, in the year-ago period.
The mean estimate of analysts polled by Thomson Financial was for a
per-share profit of 23 cents.
Revenue for the three months ended Dec. 31 was $16.5 million, up from $16
million in the fourth quarter of 2006.
Techwell forecast first quarter revenue of $15 million to $16 million.
The company's shares fell 9.8% to $9.26.
Gabriel Madway
gm/vj
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