SMART Modular Technologies (SMOD) Tops Q4 EPS by 1c, Guides for Q1
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SMART Modular Technologies Inc. (Nasdaq: SMOD) reports Q4 EPS of $0.05, 1 cent better than estimates. Revenues were $160.7 million vs. $161.17 million consensus.
For the first quarter of fiscal 2009, SMART estimates net sales will be in the range of $157 million to $167 million. (Consensus is $164.69 million)
On a non-GAAP basis, excluding charges related to stock-based compensation, restructuring, amortization of intangible assets, in-process research and development and other non-recurring items, if any, the Company expects net income per diluted share will be in the range of $0.01 to $0.02. (Consensus is $0.06)
The guidance for the first quarter includes an income tax provision estimated in the range of $0.02 to $0.03 and a foreign currency loss related to Brazil estimated at $0.02 per share. [SM]
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