EZchip Semiconductor Ltd. (EZCH) reported first quarter non-GAAP net income of $0.23 per share Wednesday morning, down from $0.27 per share a year ago. The consensus estimate was for EPS of $0.23.
EZchip Semiconductor posted early gains at the open Wednesday and has taken out the highs of the morning in the last few minutes on increased volume. Shares are now up 2.66 at $26.98. The stock has broken out to a 2 1/2 month high.
For comments and feedback: editorial@rttnews.com