Applied Micro Circuits Falls on Warning
Chipmaker Applied Micro Circuits (AMCC) was down 7.8% in after-hours Island trading after the company lowered its first-quarter outlook to a loss of 4 to 6 cents a share on revenue between $40 million to $45 million.
The company had earlier expected earnings of breakeven to 2 cents a share on revenue of $70 million to $85 million. The consensus estimate was for breakeven results, according to
Thomson Financial/First Call
.
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