PMC - Sierra (PMCS) Misses Q2 EPS by 2c

PMC - Sierra (NASDAQ: PMCS) reported Q2 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $124.8 million versus the consensus estimate of $133.23 million.

“2015 has started weaker than expected in the carrier and storage end markets,” said PMC President and Chief Executive Officer, Greg Lang. “Given the tepid growth environment, we are taking immediate action to reduce spending and accelerate our return to target model profitability.”

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

You May Also Be Interested In

• Micron offers Taiwan workers up to 68-month bonuses as strike threat looms
• Kroger cuts same-store sales outlook, keeps earnings guidance
• Adobe (ADBE) PT Raised to $250 at Baird