Market Overview

OmniVision Shattered Earnings Expectations

Share:
Related OVTI
OmniVision Teams Up with Precision Optics Corporation and Fujikura to Usher in Next-Generation Medical Imaging
Why A Shift To Smartcars Is A Long-Term Tailwind For Chip Makers

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.

Posted-In: Earnings News

 

Related Articles (OVTI)

Get Benzinga's Newsletters