Applied Micro Circuits Earnings: Everything You Must Know Now

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Applied Micro Circuits Corp. (NASDAQ:AMCC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Applied Micro Circuits Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.00 in the quarter versus EPS of $-0.10 in the year-earlier quarter.

Revenue: Rose 15.5% to $56.33 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Applied Micro Circuits Corp. reported adjusted EPS loss of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $56.06 million.

Quoting Management: Bob Gargus, Chief Financial Officer, commented, “We met our goal of delivering non-GAAP break-even results. Development progress and initial customer reaction are better than expected. This positions us well to take advantage of the growth we anticipate in the future”.

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business