GSI Technology (GSIT) Tops Q2 EPS by 5c; Guides Slightly Above for Q3 Revenues
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GSI Technology (NASDAQ: GSIT) reports Q2 EPS of $0.09, 5 cents better than the analyst estimate of $0.04. Revenue for the quarter was $14.7 million, which compares to the estimate of $14.30 million.
We currently expect net revenues in the third quarter of fiscal 2010 to be in the range of $16.1 to $16.9 million with gross margins of approximately 41%. (Consensus is $16.00M)
We expect operating expenses to be down approximately $300,000 from the second quarter of fiscal 2010.
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