Cavium Inc. (CAVM), Monday reported third-quarter net loss of $7.3. million or $0.15 per share, compared to net income of $6.0 million or $0.12 per share last year.
Adjusted net income for the quarter was $7.8 million or $0.15 per share, compared to $14.4 million or $0.27 per share last year. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter grew to $61.1 million from $67.7 million last year. Analysts estimated revenues of $60.69 million for the quarter.
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