Applied Micro Circuits Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Applied Micro Circuits Corp. (AMCC) reported a second-quarter net loss of $32.38 million or $0.45 per share, compared to a loss of $21.56 million or $0.33 per share, last year. Adjusted income for the quarter was $2.01 million or $0.03 per share.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $55.39 million, from $46.32 million, last year. Analysts expected revenue of $55.0 million for the quarter.