Entropic Communciations (ENTR) posted Q3 results about in line with the company’s recent guidance.
The company, which makes chips for connected home entertainment systems, posted revenue of $61.3 million, a bit ahead of the company forecast for $60 million to $61 million, with non-GAAP profits of 18 cents a share. The Street has been forecasting $60.48 million and 17 cents.
ENTR, which in the regular session rose 42 cents, or 4.9%, to $9.01, in late trading is down 31 cents, or 3.4%, to $8.70.
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