GSI Technology (GSIT) Tops Q1 EPS by 4c
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GSI Technology, Inc. Reports Preliminary First-Quarter Fiscal 2017 Results
July 28, 2016 4:08 PM EDTSUNNYVALE, CA -- (Marketwired) -- 07/28/16 -- GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its first fiscal quarter ended June 30, 2016. The results that we are reporting today are preliminary, pending the completion of our review of confirmatory resale information from our distributors. We do not expect that any revenue adjustment resulting from this review would be material.
The Company reported net income of $260,000, or $0.01 per diluted share, on net revenues of $12.9 million for the first quarter of fiscal 2017, compared to a net loss of $(917,000), or $(0.04) per... More
