Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

PLX Technology Loss Narrows; Stock Up - Update

Semiconductor company PLX Technology Inc. (PLXT: Quote) 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.

Click here to receive FREE breaking news email alerts for PLX Technology Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.