MIPS Technologies (MIPS) -13% after FQ3 EPS of $0.09 was a penny short. Revenue of $20.05M also...

|About: MIPS Technologies, Inc. (MIPS)|By:, SA News Editor

MIPS Technologies (MIPS) -13% after FQ3 EPS of $0.09 was a penny short. Revenue of $20.05M also fell short of $21.7M expectations. On the call, management predicted royalty revenue would drop 8-10% in FQ4. It doesn't help that Broadcom (BRCM -7.7%), MIPS' biggest customer, is the premarket's second biggest loser on its weak Q1.