Applied Micro (AMCC) Guides Lower for Q4
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Price: $8.45 --0%
Financial Fact:
Net (loss) income: -4.64M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net (loss) income: -4.64M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Applied Micro, Inc. (Nasdaq: AMCC) announced that financial results for the fourth fiscal quarter of 2012 will be below the company's previous outlook.
The company currently expects that revenue in the fourth fiscal quarter of 2012 will be approximately 6% lower than the mid-point guidance of $52 million that was provided during the third fiscal quarter 2012 earnings call.
The company expects that its non-GAAP earnings per share in the fourth fiscal quarter of 2012 will be in the range of ($0.10) to ($0.12) per share. At this point these numbers are only preliminary estimates as the Company is still finalizing its results for the quarter. (Consensus is a loss of $0.08)
The company currently expects that revenue in the fourth fiscal quarter of 2012 will be approximately 6% lower than the mid-point guidance of $52 million that was provided during the third fiscal quarter 2012 earnings call.
The company expects that its non-GAAP earnings per share in the fourth fiscal quarter of 2012 will be in the range of ($0.10) to ($0.12) per share. At this point these numbers are only preliminary estimates as the Company is still finalizing its results for the quarter. (Consensus is a loss of $0.08)
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