Actions Semiconductor (ACTS) Reports Mixed Q4 Earnings; Guides Q1 Sales; Adds 12M ADSs to Buyback
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Actions Semiconductor (Nasdaq: ACTS) reports Q4 EPS of $0.01, 2 cents lower than the analyst estimate of $0.03. Revenue for the quarter was $16.1 million, versus the consensus of $15.20 million.
The board of directors approved an add-on share repurchase program under which the Company may repurchase up to 12 million additional ADSs through December 31, 2010.
Sees Q1 sales of $8-$11 million, versus the consensus of $11.58 million.
Actions Semiconductor Co., Ltd., through its subsidiaries, operates as a fabless semiconductor company in the People's Republic of China.
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EarningsGuidance
Stock Buybacks
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