Applied Micro Circuits Q3 Loss Narrows - Quick Facts

(RTTNews) - Applied Micro Circuits Corporation (AMCC) reported a third-quarter net loss of $7.28 million, or $0.10 per share, compared to a net loss of $71.56 million, or $1.08 per share, last year. Non-GAAP net income was $1.58 million, or $0.02 per share, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.02 for the quarter. Analyst' estimates typically exclude special items.

Total net revenue increased to $54.84 million, from $51.70 million, a year ago. Analysts expected revenue of $54.90 million for the quarter.