Omnivision Technologies, Inc. (OVTI) Tops Q4 EPS by 13c; Issues Strong Q1 Outlook

Omnivision Technologies, Inc. (NASDAQ: OVTI) reported Q4 EPS of $0.40, $0.13 better than the analyst estimate of $0.27. Revenue for the quarter came in at $331 million versus the consensus estimate of $292.11 million.

We are pleased to conclude our fiscal 2014 on a high note. Our financial metrics have continued to improve, with better gross margin, higher cash balance, and lower inventories. We have made meaningful progress on multiple fronts, including the diversification of our revenues into multiple geographies, especially in Asia, and the strong growth in our emerging automotive and security markets," said Shaw Hong, chief executive officer of OmniVision Technologies, Inc. "We are also working on new technologies and applications in our core and emerging markets that have the potential to substantially enhance our market position over the longer term."

Omnivision Technologies, Inc. sees Q1 2015 EPS of $0.43 - $0.63, versus the consensus of $0.29. Omnivision Technologies, Inc. sees Q1 2015 revenue of $360 - $400 million, versus the consensus of $304.87 million.

For earnings history and earnings-related data on Omnivision Technologies, Inc. (OVTI) click here.

You May Also Be Interested In

• North American Construction (NOA) Tops Q2 EPS by 9c; Offers Guidance
• Pan American Silver (PAAS) Misses Q2 EPS by 19c
• Gaxos.ai Inc. (GXAI) Reports Q2 EPS of $0.02