EZchip Semiconductor Ltd. (EZCH: Quote) reported adjusted EPS of $0.26 Wednesday morning, compared to $0.22 in the prior year. The consensus estimate was for EPS of $0.21.
The Company said that Huawei, one of its five major NP-4 network processor customers, has not yet placed any production orders and may "offer a lower-end in-house solution in parallel to the high-end NP-4 solution."
EZchip sharply declined for the majority of the morning Wednesday and finished with a loss of 6.68 at $25.56 on the highest volume of the year. The stock sank to a new low for the year.
by RTT Staff Writer
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