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Applied Micro Circuits (AMCC) Is Down On Q4 Guidance News

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.

by RTTNews Staff Writer

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