Spansion Inc. Reports Q4 EPS of $(0.22)

Spansion Inc. CODE today announced operating results for its fourth fiscal quarter ended December 26, 2010. Due to the unique impacts of fresh start accounting, Spansion is providing both GAAP and non-GAAP results. On a U.S. GAAP basis, Spansion reported net sales of $327.7 million, operating loss of $1.4 million, and net loss of $13.6 million. On a non-GAAP basis, adjusted net sales were $330.3 million, adjusted operating income was $60.5 million, and adjusted net income was $48.3 million. Diluted EPS $(0.22)