PMC-Sierra Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - PMC-Sierra, Inc. (PMCS) reported third-quarter GAAP net income of $5.5 million or $0.03 per share, compared to a loss of $3.23 million or $0.02 per share, prior year. Non-GAAP net income in the third quarter of 2014 totaled $22.5 million or $0.11 per share.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Net revenues in the third quarter of 2014 totaled $135.5 million, an increase of 6 percent, compared to $128.4 million in the third quarter of 2013. Analysts expected revenue of $133.68 million for the quarter.