logo
Share SHARE
FONT-SIZE Plus   Neg

PLX Technology Loss Narrows; Stock Up - Update

Semiconductor company PLX Technology Inc. (PLXT) Monday reported fourth-quarter net loss of $600 thousand or $.01 per share, compared with net loss of $5.4 million or $0.12 per share last year.

Results for the prior-year quarter included loss from discontinued operations of $6.7 million.

Excluding items, adjusted earnings from continuing operations for the quarter were $2.4 million or $0.06 per share, compared with $1.6 million or $0.04 per share last year.

Revenues for the quarter fell to $23.4 million from $24.9 million last year.

Analysts on consensus estimated earnings of $0.03 per share on revenues of $24.85 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company estimates net revenues of $25 million to $27 million.

Analysts currently expect revenues of $25.85 million for the first quarter.

Shares of the California-based company gained 4.7 percent in after-hours trade on the Nasdaq.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
Follow RTT