PMC-Sierra Q4 Profit Beats Estimates

(RTTNews) - PMC-Sierra, Inc. (PMCS) reported a fourth-quarter net loss of $16.69 million or $0.08 per share, compared to profit of $14.11 million or $0.07 per share, as restated, last year. Non-GAAP net income was $18.54 million or $0.09 per share, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.08 for the quarter. Analysts' estimates typically exclude special items.

Net revenues declined year-over-year to $126.11 million, from $129.42 million. Analysts expected revenue of $123.79 million for the quarter.