Cavium (CAVM) were moving up after hours following the company’s first-quarter earnings
The company reported�a loss of $13.8 million, or 28 cents a share.�Non-GAAP earnings were two cents a share, one penny ahead of the consensus.
Revenue came it at $52.7 million, ahead of the $52.63 million consensus.
Cavium had warned that the result would miss its previous guidance for earnings of 6 cents to 7 cents a share, given weak sales in its service-provider and broadband and consumer markets. The company sees revenue about 6% to 7% lower than in the fourth quarter.
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