Integrated Silicon Solution (ISSI) Tops Q4 EPS by 9c; Guides Above for Q1
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Integrated Silicon Solution, Inc. (NASDAQ: ISSI) reports Q3 EPS of $0.02, 9 cents better than the analyst estimate of ($0.07). Revenue for the quarter was $46.4 million, which compares to the estimate of $43.10 million.
(The Company reported net income for the fourth quarter of $3.6 million or $0.14 per diluted share. On a non-GAAP basis, without the effect of the $25.3 goodwill charge, net income in the fourth quarter of fiscal 2008 was $0.6 million, or $0.02 per diluted share)
The Company currently expects its revenue for the December quarter to be between $48 million and $52 million and gross margin to be between 24 and 28 percent. (Consensus is $47.60M)
The Company expects net income per share to be between $0.01 and $0.04 per share. (Consensus is a $0.02 loss)
The December quarter operating expenses are expected to be in the range of $12.0 to $12.6 million.
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