OmniVision Shatters Earnings Expectations

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OmniVision Technologies Inc.
OVTI
reported earnings after the market close on Thursday. The company reported first quarter 2015 EPS of 0.91 per share versus 0.52 per share estimate, beating by 75 percent. First quarter revenue was $406.5M versus $381.5M estimate. For the second quarter 2015 the company expects revenues of $360 million to $390 million, beating analyst estimates of $375 million. OmniVision has beat bottom line expectations in each of the last seven quarters. OmniVision is currently trading at $27.71 up 2 percent after hours Thursday.
Posted In: EarningsNews
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