Cavium (CAVM) Tops Q2 EPS by 2c

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Go back to Cavium (CAVM) Tops Q2 EPS by 2c

Cavium Announces Financial Results for Q2 2017

August 2, 2017 4:05 PM EDT

SAN JOSE, Calif., Aug. 2, 2017 /PRNewswire/ -- Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, today announced financial results for the second quarter ended June 30, 2017.

Net revenue in the second quarter of 2017 was $242.1 million, a 5.5% sequential increase from the $229.6 million reported in the first quarter of 2017 and 125.9% from the $107.2 million reported in the second quarter of 2016.

Generally Accepted Accounting Principles (GAAP) Results

Net loss for the second quarter of 2017 was $11.1 million, or ($0.16) per... More