Applied Micro Circuits (AMCC) announced after the bell Tuesday that it now expects to report a fourth quarter non-GAAP loss of $0.10 to $0.12 per share. The consensus estimate is for an EPS loss of $0.08. The stock is now down 0.66 on 43K shares.
Applied Micro Circuits dipped in early trade Tuesday, but settled into a narrow range for the majority of the session. The stock closed down by 0.08 at $6.26 and set a 5-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.