OmniVision Shattered Earnings Expectations
OmniVision Technologies (NASDAQ: OVTI) reported earnings after Thursday's close. The company reported first quarter 2015 EPS of $0.91 versus $0.52 estimates, beating by 75 percent. First quarter revenue was $406.5 million versus $381.5 million estimate.
For the second quarter 2015, the company expects revenues of $360 million to $390 million, compared to analyst estimates of $375 million.
OmniVision has beat bottom line expectations in each of the last seven quarters.
After a big pop at Friday's opening bell, shares are down 0.5 percent.
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