logo
Share SHARE
FONT-SIZE Plus   Neg

PLX Technology Q1 Loss Narrows

PLX Technology Inc. (PLXT) reported that its first-quarter net loss narrowed to $7.44 million or $0.17 per share, from $9.13 million or $0.21 per share in the same quarter last year.

Non-GAAP Loss Per Share widened to $0.12 from $0.09 in the same quarter last year. Net revenues for the quarter decreased to $25.42 million from $28.08 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenues of $26.84 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Citigroup Inc. on Wednesday reported a 7 percent increase in profit for the fourth quarter from last year as lower revenues were more than offset by decreases in cost of credit as well as operating expenses. Adjusted earnings for the quarter beat analysts' expectations, while revenues missed their estimates. Goldman Sachs Group Inc. (GS) reported a profit for the fourth quarter that climbed from the previous year, while quarterly net revenues grew 12 percent. Net revenues in Fixed Income, Currency and Commodities Client Execution increased by 78 percent. Both earnings per share and revenues for the fourth-quarter topped analysts' expectations. Logan Green and John Zimmer, the co-founders of transportation network company Lyft, have come out with a vision to solve the traffic woes, including congestion-priced roads and carpooling. In a Medium post called "The End of Traffic," they said that companies like Lyft van join with the federal government to start various initiatives aimed encouraging more people to carpool.
comments powered by Disqus
Follow RTT