Market Overview

UPDATE: PMC-Sierra Posts Better-Than-Expected Q4 Results

Related PMCS
PMC-Sierra Beats on Q1 Earnings - Analyst Blog
Benzinga's Top #PreMarket Gainers

PMC-Sierra (NASDAQ: PMCS) reported a 61% drop in its fourth-quarter profit.

PMC-Sierra's quarterly income fell to $11.1 million, or $0.05 per share, from $28.4 million, or $0.12 per share, in the year-ago period. Excluding one items, it earned $0.12 per share.

Its revenue declined 15% to $129.4 million. However, analysts were expecting a profit of $0.10 per share on revenue of $126 million.

Its gross margin rose to 71.7% from 69.1%

PMC-Sierra shares closed at $5.78 yesterday.

Posted-In: profitEarnings News


Related Articles (PMCS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→