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International Rectifier Reports Third Quarter Fiscal Year 2014 Results

EL SEGUNDO, Calif.--(BUSINESS WIRE)--International Rectifier Corporation (NYSE:IRF) today announced financial results for the third quarter (ended March 30, 2014) of its fiscal year 2014. Revenue was $269.3 million, about flat compared to $270.0 million in the prior quarter and a 20.1% increase from $224.3 million in the prior year quarter. GAAP net income for the third quarter was $19.1 million, or $0.26 per fully diluted share compared to GAAP net income of $17.9 million, or $0.25 per fully diluted share, in the prior quarter and GAAP net loss of $21.2 million, or $0.31 per fully diluted share in the prior year quarter.