WASHINGTON (dpa-AFX) - PMC-Sierra Inc. (PMCS) Monday reported first-quarter net loss of $96.3 million or $0.41 per share, compared to $7.7 million or $0.03 per share last year.
On an adjusted basis, net income for the quarter was $14.0 million or $0.06 per share compared to $30.6 million or $0.13 per share last year. On average, eight analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net revenues for the quarter dropped to $132.1 million from $157.4 million last year. Analysts estimated revenues of $133.57 million for the quarter.
Copyright RTT News/dpa-AFX
© 2012 AFX News
