Market Overview

OmniVision Up 13% After Beating Earnings Estimates

OmniVision (NASDAQ: OVTI) shares are up 13% after the company beat earnings estimates.

Revenues for the third quarter of fiscal 2012 were $185.2 million, as compared to $217.9 million in the second quarter of fiscal 2012, and $265.7 million in the third quarter of fiscal 2011. GAAP net income attributable to OmniVision Technologies, Inc. in the third quarter of fiscal 2012 was $111,000, or $0.00 per diluted share, as compared to net income attributable to OmniVision Technologies, Inc. of $21.1 million, or $0.35 per diluted share in the second quarter of fiscal 2012, and $44.7 million, or $0.75 per diluted share in the third quarter of fiscal 2011.

Posted-In: Earnings News Pre-Market Outlook Movers

 

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