Spansion Continues Its Bullish Move To The Upside

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Shares of Spansion Inc.CODE are up 24 percent on volume that is 271 percent higher than the 90-day average.

The company posted earnings of $0.27 per share.

Despite not meeting Q 32014 analyst expectations of $0.28, the stock continues its push to the upside. The momentum comes from comments made by CEO John Kispert on its latest conference call. Kispert stated the company "is accelerating, with strong demand in flash, microcontroller, analog, and system-on-chip solutions."

For Q4 2014, Spansion is on path to earn revenue in a range of $290 million to $325 million. The Street is looking for $336 million.

Posted In: EarningsManagementIntraday UpdateJohn Kispert
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