Canaccord Genuity Downgrades Spreadtrum Communications (SPRD) to Hold Post Q3

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JPMorgan Downgrades Spreadtrum Communications (SPRD) to Neutral

November 9, 2012 7:30 AM EST

JPMorgan downgraded Spreadtrum Communications (NASDAQ: SPRD) from Overweight to Neutral with a price target of $23.00 (from $22.00) following Q3 results.

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Spreadtrum Communications (SPRD) Tops Q3 EPS by 10c; Guides Q4 Sales

November 8, 2012 4:18 PM EST

Spreadtrum Communications (NASDAQ: SPRD) reported Q3 EPS of $0.56, $0.10 better than the analyst estimate of $0.46. Revenue for the quarter came in at $187.9 million versus the consensus estimate of $171.8 million.

Spreadtrum Communications sees Q4 2012 revenue of $189-196 million, versus the consensus of $189.9 million.

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