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Product category: Power Supply ICs and Controllers
News Release from: International Rectifier
Edited by the Electronicstalk Editorial Team on 29 January 2007

IR poised for higher levels of
profitability

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International Rectifier has reported fiscal second quarter adjusted earnings of US $42.5 million on adjusted consolidated revenue of $354.7 million.

International Rectifier has reported fiscal second quarter results, with adjusted earnings of US $42.5 million (or $0.58 per share) on adjusted consolidated revenue of $354.7 million This compares to adjusted earnings of $37.8 million (or $0.52 per share) for the September 2006 quarter on adjusted consolidated revenue of $344.2 million

For the prior-year December 2005 quarter, adjusted earnings were $26.5 million (or $0.37 per share) on adjusted consolidated revenue of $278.8 million.

On a GAAP basis, net income was $71.9 million (or $0.99 per share) for the December 2006 quarter versus $34.1 million (or $0.47 per share) for the September 2006 quarter and $24.3 million (or $0.34 per share) for the prior year December 2005 quarter.

On a GAAP basis, revenue was $327.6 million, $315.8 million and $254.8 million for the December 2006, September 2006, and December 2005 quarters, respectively.