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Conexant posts steeper-than-expected Q2 loss
NEWPORT BEACH, Calif., April 19 (Reuters) - Communications semiconductor maker Conexant Systems Inc. (NASDAQ:CNXT) on Thursday reported second-quarter earnings that were steeper than the company's lowered guidance amid general industry weakness.

The pro forma net loss, which excludes charges and amortization of intangible assets, was $187.5 million, or a 77-cent loss per diluted share. Excluding a $148.6 million charge for inventory reserves, the pro-forma net loss was $95 million or 39 cents a share, vs a $57.4 million loss or 24 cents a year ago.

The Newport Beach, Calif.-based company posted a steeper loss than the Wall Street analyst consensus forecast of a 37-cent loss a share, according to research firm Thomson Financial/First Call. Earnings estimates from 10 brokers ranged from a 34-cent loss to a 40-cent loss.