PMC-Sierra Inc. Q3 Profit Advances 16%

(RTTNews) - PMC-Sierra Inc. (PMCS) released earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $26.15 million, or $0.13 per share. This was up from $22.52 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $133.57 million. This was down from $135.46 million last year.

PMC-Sierra Inc. earnings at a glance:

-Earnings (Q3): $26.15 Mln. vs. $22.52 Mln. last year. -Earnings Growth (Y-o-Y): 16.1% -EPS (Q3): $0.13 vs. $0.11 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $0.11 -Revenue (Q3): $133.57 Mln vs. $135.46 Mln last year. -Revenue Change (Y-o-Y): -1.4%