Atheros Communications' Earnings Largely In-Line (ATHR)

Atheros Communications Inc.

reports Q3 earnings of $0.67 versus consensus of $0.67. Atheros Communications Inc. reports revenues of $247.1 million versus consensus of $248.38 million. Revenues increased 58% year over year and 4% sequentially. "While we continue to see weakness in certain channels, increasing demand for Atheros' ROCm(R) low-power mobile connectivity solutions in a growing number of consumer electronics products fueled our record revenue in the third quarter," said Craig Barratt, president and chief executive officer of Atheros Communications. "Additionally, with our recently completed acquisition of Opulan, we further strengthened our networking product line, enabling us to address an even larger portion of the rapidly expanding global networking market." Shares of ATHR are lower in the after-hours by 1.40%.