PMC-Sierra, Inc. (PMCS) Tops Q1 EPS by 1c

PMC-Sierra, Inc. (NASDAQ: PMCS) reported Q1 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $126.5 million versus the consensus estimate of $124 million.

“2014 is off to a solid start as we continue to build momentum in both our storage and server businesses,” said Greg Lang, PMC president and chief executive officer. “First quarter revenue and non-GAAP EPS came in above the midpoint of our expectations, driven by strong demand for our Flash and OTN products. We are optimistic about the growing interest in our leading-edge product offerings and believe we are well positioned to capture market share in the year ahead.”

For earnings history and earnings-related data on PMC-Sierra, Inc. (PMCS) click here.

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