PMC-Sierra Q3 Profit Matches Estimates - Quick Facts

(RTTNews) - PMC-Sierra, Inc. (PMCS), the semiconductor and software solutions innovator, reported a third-quarter net loss of $2.7 million, or $0.01 per share. The company's prior year quarter net loss including, an impairment of goodwill and purchased intangible assets, was $274.11 million or $1.31 per share. Adjusted net income was $20.0 million, or $0.10 per share, for the third-quarter of 2013.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Net revenues totaled $128.9 million, a decrease of two percent compared to $131.7 million, prior year. Analysts expected revenue of $130.24 million for the quarter.