Zoran (ZRAN) Misses Q1 EPS by 5c; Guides Q2 Below, Expects Profitability in H211
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Zoran Corporation (Nasdaq: ZRAN) reported Q1 EPS of ($0.43), $0.05 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $84.9 million versus the consensus estimate of $83.27 million.
Zoran Corporation sees Q2 2011 EPS of ($0.43) - ($0.43), versus prior guidance of $97.04 and the consensus of ($0.18). Zoran Corporation sees Q2 2011 revenue of $80-$85 million.
Zoran expects a significant increase in revenues for the third quarter of 2011 and expects to be profitable on a non-GAAP basis in the second half of 2011.
Zoran Corporation sees Q2 2011 EPS of ($0.43) - ($0.43), versus prior guidance of $97.04 and the consensus of ($0.18). Zoran Corporation sees Q2 2011 revenue of $80-$85 million.
Zoran expects a significant increase in revenues for the third quarter of 2011 and expects to be profitable on a non-GAAP basis in the second half of 2011.
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