Conexant Loss Narrows in Fiscal 2nd Quarter

In other earnings news among California companies:

Conexant Systems Inc., a maker of chips used in cable and DSL modems, reported a smaller net loss for the fiscal second quarter, as it did not have the merger-related charges of a year earlier, but revenue fell sharply.

The company’s revenue came in about $10 million higher than the company’s forecast, and its shares rose 11 cents, or about 9%, in after-hours trading. In regular trading on Nasdaq, the stock fell 7 cents to $1.22.

Newport Beach-based Conexant reported a net loss of $73.2 million, or 16 cents a share, compared with a year-earlier loss of $143.4 million, or 41 cents.

Net revenue fell to $169.7 million from $243.8 million a year earlier.