Shares in image sensor-maker OmniVision Technologies,
Inc.(NASDAQ:OVTI ) rose after the company reported better-than-expected revenue
for its fiscal first quarter, and raised its revenue outlook for the current
quarter.
Its shares rose $0.69, or 4.34 percent, to $16.60 at
mid day trading on Thursday.
OmniVision said revenue for the three months ended
July fell 6.5 percent to $258 million. Profit fell to $2.3 million, or 4 cents
per share, from $42 million, or 68 cents per share in the prior-year period.
Excluding one-time items the company would have earned 21 cents per share.
Get Free
Earnings Report Card Here
Analysts expected adjusted earnings of 22 cents per
share on revenue of $243.4 million.
In its second quarter the company expects earnings
without one-time items of 21 to 37 cents per share on revenue of $355 million
to $390 million.
Analysts estimated 33 cents per share on revenue of
$270.3 million for the current quarter.
Shares of Splunk Inc(NASDAQ:SPLK) also advanced in
extended trading after the data-management software maker posted strong fiscal
second-quarter revenue gains and raised its forecast for the fiscal year.
Revenues of the company rose 71 percent to $44.5
million, almost $5 million more than analysts expected. It raised its full-year
revenue estimate by about $9 million.
Splunk, which completed its initial public offering in
April, said it lost $4.6 million, or 5 cents per share, over the three months
ended July 31.
In the year-ago quarter the company lost $3.9 million,
or 20 cents per share. Analysts forecast a loss of 7 cents per share and $39.8
million in revenue.
Is SPLK Still a
Buy after Today’s Rally? Find Out Here
The company is now projecting revenue of $183 million
to $186 million for the fiscal year ending Jan. 31, up from a previous outlook
of $174 million to $177 million.
Splunk shares rose by $4.42, or 14.48 percent, to
$34.92.
No comments:
Post a Comment