- International Rectifier Corp.

reported second-quarter net income of $24.3 million (34 cents per share), compared with $39.5 million (55 cents) for the like period a year earlier. Revenue for the El Segundo-based maker of power semiconductors fell to $278.8 million from $298.6 million in the year-prior period.


Excluding charges related to severance and restructuring activities, second-quarter adjusted earnings were reported as $26.5 million (37 cents per share), compared with $47.1 million (62 cents).


The company expects third-quarter revenue to be flat to up to 4 percent over the second quarter.


- Cathay General Bancorp reported fourth-quarter net income of $26.7 million (53 cents per share), compared with $21.6 million (42 cents) for the same period a year earlier.


The Los Angeles-based holding company for Cathay Bank had no provision for loan losses in the fourth quarter and no provision in the prior year. Total assets rose to $6.4 billion at Dec. 31 from $6.1 billion in the year-prior period. Net interest income, after provision for loan losses, rose to $62.4 million from $56.7 million a year earlier.


- Hanmi Financial Corp. reported fourth-quarter net income of $14.9 million (30 cents per share), compared with $11.7 million (23 cents) for the same period a year earlier.


The Los Angeles-based holding company for Hanmi Bank had a provision for loan losses of $1.7 million versus a provision of $1.2 million in the prior year. Total assets rose to $3.4 billion at Dec. 31 from $3.1 billion in the year-prior period. Net interest income, after provision for loan losses, rose to $34.2 million from $29.9 million a year earlier.


- IndyMac Bancorp Inc. reported fourth-quarter net income of $72.3 million ($1.09 per share), compared with $56 million (87 cents) for the same period a year earlier. Revenues rose 21 percent to $281 million.


The Pasadena-based parent of IndyMac Bank had a provision for loan losses of $1.6 million versus a provision of $2 million in the prior year. Total assets rose to $21.5 billion at Dec. 31 from $16.8 billion in the year-prior period. Net interest income, after provision for loan losses, rose to $106.1 million from $101.6 million a year earlier.


The company expects full-year earnings of $4.50 to $5.20 per share.


- Tetra Tech Inc. reported first-quarter net income of $8 million (14 cents per share), compared with $7.9 million (14 cents) for the same period a year earlier. Revenue for the Pasadena-based engineering services company rose 10.2 percent to $341.2 million from $309.7 million in the year-prior period.


The company expects second-quarter earnings of 15 cents to 17 cents per share excluding the anticipated gain from discontinued operations and before the effect of stock option expense on revenue of $220 million to $230 million. Full-year earnings are anticipated to be 68 cents to 75 cents per share before the effect of stock option expense on revenue of $850 million to $950 million.


- Teledyne Technologies Inc. reported fourth-quarter net income of $16.6 million (48 cents per share), compared with $13.4 million (39 cents) for the same period a year earlier. Revenue for the L.A.-based-based electronic components provider rose 7.7 percent to $310.4 million from $288.1 million in the year-prior period.


The company expects first-quarter earnings of 43 cents to 46 cents per share and full-year earnings of approximately $1.85 to $1.90 per share. The full-year earnings estimate includes $16.4 million in stock option expense.


- Keystone Automotive Industries Inc. reported third-quarter net income of $7.1 million (44 cents per share), compared with $4 million (25 cents) for the same period a year earlier. Revenue for the Pomona-based aftermarket collision repair parts provider rose to $164.4 million from $136.6 million in the year-prior period.


- Wilshire Bancorp Inc. reported fourth-quarter net income of $7.8 million (27 cents per share), compared with $5.2 million (18 cents) for the same period a year earlier.


The Los Angeles-based holding company for Wilshire State Bank had a provision for loan losses of $880,000 versus a provision of $550,000 in the prior year. Total assets rose to $1.7 billion at Dec. 31 from $1.3 billion in the year-prior period. Net interest income, after provision for loan losses, rose to $17.1 million from $12 million a year earlier.

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