Market Overview

Could This Company Benefit From Increased Solid Slate Drive Demand?

Today, shares of OCZ Technology (NASDAQ: OCZ) are down more than 7% after the company reported earnings after the close yesterday. The company missed EPS estimates by $0.01, while beating on revenue figures. Other highlights include:

Net revenue in Q3'12 was a record $103.1 million, and increased 94% compared with net revenue of $53.2 million reported in Q3'11, and increased 31% compared with net revenue of $78.5 million reported in Q2'12.

Gross margin increased to 22.5% compared with 14.4% in Q3'11, and 21.6% in Q2'12.

Non-GAAP net income for Q3'12 was $3.0 million or $0.06 income per share as compared with a non-GAAP net loss for Q3'11 of $0.9 million, or $0.03 loss per share.

Posted-In: Earnings News

 

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