MANHASSET, N.Y. Programmable logic device supplier Actel Corp. posted net earnings of $1.4 million, or 6 cents per share, on sales of $44.0 million in the first quarter, compared to $2.5 million, or 9 cents per share on sales of $42.1 million a year ago.
Analysts expected Actel (Mountain View, Calif.) to earn 7 cents per share.
Gross margin was 59.3 percent, down from 60.9 percent in the year-ago quarter but up sequentially from 48.2 percent the fourth quarter of 2004.
Actel expects second quarter revenue to be flat to up slightly, with gross margin of about 59 percent.