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Intersil misses 4Q profit forecasts

Intersil misses 4Q earnings expectations, tops revenue forecasts

MILPITAS, Calif. (AP) _ Intersil Corp. (ISIL) on Monday reported fourth-quarter profit of $19.1 million.

On a per-share basis, the Milpitas, California-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The chipmaker posted revenue of $139.8 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $135.9 million.

For the year, the company reported profit of $48.1 million, or 35 cents per share. Revenue was reported as $542.1 million.

Intersil shares have increased slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.38, a climb of 78 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ISIL at https://www.zacks.com/ap/ISIL

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Keywords: Intersil, Earnings Report