PLX Technology Misses on Revenues but Beats on EPS

Seth Jayson, The Motley Fool
Updated

PLX Technology (NAS: PLXT) reported earnings on Jan. 28. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), PLX Technology missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP loss per share contracted.


Gross margins dropped, operating margins expanded, net margins increased.

Revenue details
 PLX Technology booked revenue of $23.4 million. The three analysts polled by S&P Capital IQ predicted revenue of $24.9 million on the same basis. GAAP reported sales were 9.6% lower than the prior-year quarter's $25.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.06. The two earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.01 for Q4 versus -$0.12 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 58.4%, 70 basis points worse than the prior-year quarter. Operating margin was 5.7%, 2,840 basis points better than the prior-year quarter. Net margin was -2.6%, 1,850 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $25.9 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $111.2 million. The average EPS estimate is $0.24.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 39 members out of 52 rating the stock outperform, and 13 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give PLX Technology a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PLX Technology is outperform, with an average price target of $5.83.

Is PLX Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

The article PLX Technology Misses on Revenues but Beats on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement