Volterra Semi Reports Q4 EPS $0.30 vs $0.25 Est; Revenues $38.8M vs $38.33M Est

Volterra Semiconductor Corporation

today reported financial results for its fourth quarter and fiscal year ended December 31, 2011. Net revenue for the fourth quarter of 2011 was $38.8 million, a 9% increase over net revenue of $35.5 million for the fourth quarter of 2010, and a 6% decrease from net revenue of $41.3 million for the third quarter of 2011. GAAP net income was $5.7 million, or $0.22 per share (diluted), for the fourth quarter of 2011, a 67% increase from GAAP net income of $3.4 million, or $0.13 per share (diluted), for the fourth quarter of 2010 and a 18% decrease from GAAP net income of $6.9 million, or $0.26 per share (diluted), for the third quarter of 2011. Volterra also reported net income and basic and diluted net income per share on a non-GAAP basis. Non-GAAP net income excludes the effect of stock-based compensation expense. Non-GAAP net income was $7.8 million, or $0.30 per share (diluted), for the fourth quarter of 2011, a 43% increase from non-GAAP net income of $5.4 million, or $0.21 per share (diluted), for the fourth quarter of 2010 and a 14% decrease from non-GAAP net income of $9.1 million, or $0.35 per share (diluted), for the third quarter of 2011.