SemiLEDs Corp. (LEDS) Tops Q3 EPS by 2c

SemiLEDs Corp. (NASDAQ: LEDS) reported Q3 EPS of ($0.23), $0.02 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $4.6 million versus the consensus estimate of $4.5 million.

“We continue to be encouraged by the progress we have made in reorienting our business toward more profitable segments of the LED industry, such as UV and components, evidenced by our 11% sequential revenue growth in the most recent quarter,” said Trung Doan, Chairman, President and CEO. “While we gain traction and grow our presence in these markets, we remain focused on operational cost improvements to lower our negative cash flow and accelerate our path to profitability,” concluded Doan.

For earnings history and earnings-related data on SemiLEDs Corp. (LEDS) click here.

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