Bank Of America Maintains Underperform Rating On SemiLEDs

According to Bank of America, SemiLEDs

remains at Underperform. Bank of America said that revenue of $5.6 million was below its $6.5 million estimate. “We are reducing our F2011 estimates from revenue of $42 million and EPS of $0.04 to $34 million and a $0.33 loss; F2012 goes from revenue of $88 million and a profit of $0.60 to $61 million and a $0.17 loss.” SemiLEDs closed yesterday at $6.20.