Trident Microsystems reports fourth quarter results

Semiconductor company Trident Microsystems has announced results for its fourth quarter ended 31 December 2010.

For the quarter, the company reported net revenues of $118.6m, which compares with $176.6m in the prior sequential quarter and $31.9m in the quarter ended 31 December 2009.

On a GAAP basis, the company reported a net loss for the quarter of $53.8m, or $0.31 per share.

This compares with a net loss of $17.5m, or $0.10 per share, in the prior sequential quarter and a net loss of $23.4m, or $0.34 per share, in the quarter ended 31 December 2009.