Applied Micro Circuits (AMCC) Tops Q3 EPS by 1c

Applied Micro Circuits (NASDAQ: AMCC) reported Q3 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $36.7 million versus the consensus estimate of $32.27 million.

Commenting on AppliedMicro's third quarter operations, Dr. Paramesh Gopi, President and Chief Executive Officer, said, "We are pleased to report that our December quarter results were above the mid-point of our guidance range. Various indicators lead us to believe that our base business has stabilized." Dr. Gopi continued, "We are on track to meet our goal of shipping 10,000 X-GeneTM units by the end of our fiscal year as our end customer pipeline expands. Meanwhile, our HeliXTM family of embedded processors is expected to revitalize our base business."

For earnings history and earnings-related data on Applied Micro Circuits (AMCC) click here.

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