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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

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