PMC-Sierra Reaffirms Top-Line Guidance
The company still sees quarterly revenue of $78 million to $80 million.
PMC-Sierra
(PMCS)
continues to expect first-quarter revenue of $78 million to $80 million, consistent with the business outlook provided last month.
The maker of broadband communications and storage semiconductors said Monday that the outlook excludes revenue from its storage-business acquisition of Avago Technologies, which the company expects to close by Wednesday.
A Thomson First Call survey of analysts was expecting the company to post revenue of $81 million in the first quarter.
Following the announcement, shares of PMC-Sierra were off 6 cents in after-hours trading to $10.35 on Intstinet.
