- The Washington Times - Monday, April 20, 2009

FREMONT, CALIF. (AP) - Chip maker Volterra Semiconductor Corp. posted a small first-quarter net loss Monday, hurt by charges and lower revenue.

The company posted a net loss of $519,000, or 2 cents per share, down from a profit of $2.5 million, or 10 cents per share, in the same period a year earlier.

Excluding items, the company said it earned 3 cents per share in the latest quarter.

Revenue fell 21 percent to $18.3 million from $23 million.

Analysts, on average, were expecting breakeven per-share results on sales of $17.4 million, according to a poll by Thomson Reuters.

Volterra’s president and chief executive, Jeff Staszak, said he is “pleased” with the company’s financial performance despite the difficult market conditions.

Semiconductor companies have been hurt by the global downturn because it has dampened demand for the technology products that use their chips.

Volterra’s shares rose 10 cents to close at $10.37.

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