Applied Micro Circuits (AMCC) Misses Q1 EPS by 1c
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Applied Micro Circuits Corporation Reports First Quarter Fiscal 2017 Financial Results
July 27, 2016 4:17 PM EDTSANTA CLARA, Calif., July 27, 2016 (GLOBE NEWSWIRE) -- Applied Micro Circuits Corporation (Nasdaq: AMCC) (AppliedMicro) today reported its financial results for its first quarter of fiscal 2017, ended June 30, 2016.
Q1 Fiscal 2017 Financial Information
Consolidated net revenue of $41.5 million, representing the sixth sequential quarter of revenue growthGAAP net loss of $10.5 million or $0.12 per shareNon-GAAP net loss of $2.5 million, or $0.03 per shareCommenting on Applied Micros fiscal 2017 first quarter results, Dr. Paramesh Gopi, President and Chief Executive Officer, said, We are beginning fiscal 2017 with our... More
