Standard Microsystems (SMSC) Reports Q1 Results; Guides Q2

June 27, 2011 4:06 PM EDT
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Price: $36.98 --0%

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Sales and revenues: 103.08M

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Standard Microsystems Corp (NASDAQ: SMSC) reported Q1 EPS of $0.26 (or 47 cents on an adjusted basis), vs. the analyst estimate of $0.29. Revenue for the quarter came in at $103.5 million versus the consensus estimate of $101.33 million.

Sees Q2 2011 EPS of $0.36-$0.38, versus the consensus of $0.38. Sees Q2 2011 revenue of $112-$114 million, versus the consensus of $107.66 million.

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