Applied Micro Inc. (AMCC: Quote) announced that financial results for the fourth fiscal quarter of 2012 will be below the company's previous outlook.
The company expects that its non-GAAP loss per share in the fourth fiscal quarter of 2012 will be in the range of $0.10 to $0.12 per share.
The company said it currently expects that revenue in the fourth fiscal quarter of 2012 will be approximately 6% lower than the mid-point guidance of $52 million that was provided during the third fiscal quarter 2012 earnings call.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share on revenues of $52.04 million for the quarter. Analysts' estimates typically exclude special items.
The overall shortfall of $3.1 million was spread across both the Transport and Processor product families. OTN revenue and sequential ramp came through as expected and did not contribute to the revenue shortfall. The revenue shortfall is related to slowness in the service provider space and the overall wire line market weakness, the company said.
Click here to receive FREE breaking news email alerts for APPLIED MICRO CIRCUITS and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com