Omnivision (OVTI) Tops Q1 EPS by 39c; Issues Confident Q2 Outlook

Omnivision Technologies, Inc. (Nasdaq: OVTI) reported Q1 EPS of $0.91, $0.39 better than the analyst estimate of $0.52. Revenue for the quarter came in at $406.5 million versus the consensus estimate of $381.5 million.

"We are pleased with our strong results for the first quarter, driven primarily by our mobile phones and automotive businesses. In addition, we continued to see improvements on multiple financial metrics, including gross margin and cash balance," said Shaw Hong, chief executive officer of OmniVision Technologies, Inc. "We are proud of our strong execution in ramping up multiple members of our PureCel sensor family for our mobile phone customers. We believe that the secular trend towards 4G and smartphones, especially in China and India, will drive our growth in the near-term."

Omnivision Technologies, Inc. sees Q2 2015 EPS of $0.43 - $0.59, versus the consensus of $0.49. Omnivision Technologies, Inc. sees Q2 2015 revenue of $360 - $390 million, versus the consensus of $374.5 million.

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

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