AppliedMicro Sees Q4 EPS of ($0.10)-($0.12) vs ($0.08) Est
Applied Micro, Inc. (Nasdaq: AMCC) today announced that financial results for the fourth fiscal quarter of 2012 will be below the company's previous outlook.
The company currently expects that revenue in the fourth fiscal quarter of 2012 will be approximately 6% lower than the mid-point guidance of $52 million that was provided during the third fiscal quarter 2012 earnings call. The overall shortfall of $3.1M was spread across both the Transport and Processor product families. Our OTN revenue and sequential ramp came through as expected and did not contribute to the revenue shortfall. The revenue shortfall is related to slowness in the service provider space and the overall wire line market weakness. We will supply more details during our normal earnings call scheduled for April 26th.
The company expects that its non-GAAP earnings per share in the fourth fiscal quarter of 2012 will be in the range of ($0.10) to ($0.12) per share. At this point these numbers are only preliminary estimates as the Company is still finalizing its results for the quarter.
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