SMSC (SMSC) Reports Q1 Adj-Loss of $0.15, Beats by 8c; Guides Q2 Above the Street
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SMSC (Nasdaq: SMSC) reports Q1 non-GAAP loss of $0.15, 8 cents better than the analyst estimate of ($0.23). Revenue for the quarter was $62.5 million, versus the consensus of $56.91 million.
Sees Q2 sales of $68-$72 million, versus the consensus of $59.67 million. Non-GAAP EPS for the quarter are expected to be in the range of $0.00-$0.08, which compares to the Street estimate of ($0.08).
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