NetLogic Microsystems Sees Q4 Revenue of $96.2M vs $110.6M Est
NetLogic Microsystems, Inc. (NASDAQ: NETL) today announced preliminary financial information for its fourth quarter and fiscal year ended Dec. 31, 2011.
The company expects to report revenue for the fourth quarter of 2011 of $96.2 million, a 9.9 percent sequential decrease from $106.8 million for the third quarter of 2011 and a 4.2 percent decrease from $100.4 million for the fourth quarter of 2010. For the fiscal year 2011, the company expects to report revenue of $405.4 million, a 6.2 percent increase from $381.7 million for fiscal year 2010.
The company's cash, cash equivalents and short-term investments at Dec. 31, 2011 totaled $258.9 million, an increase of $16.5 million from $242.4 million at Sept. 30, 2011.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.