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Spansion Inc. Reports Q4 EPS of $(0.22)


Spansion Inc. (NYSE: 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)

Posted-In: Earnings News


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