Form 8-K SIGMA DESIGNS INC For: Dec 08
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Sigma Designs (SIGM) Guidance Weak but LT Outlook Encouraging - Needham & Company
December 9, 2015 7:50 AM ESTNeedham & Company analyst, Quinn Bolton, published an earnings review note highlighting that Sigma Designs (NASDAQ: SIGM) reported better than expected F3Q16 results driven by a strong seasonal ramp in its SmartTV business but guidance fell short of consensus. While the weaker than expected near term SmartTV outlook is disappointing, the continued penetration of Vizio's 4K TV line and growing traction of Roku-branded TVs, (SIGM remains the sole-source supplier of SoCs) is promising.
SIGM reported F3Q16 revenue/NG GM/NG EPS of $61.6MM/51.7%/$0.13, which... More
