Margins Under Pressure at OmniVision
OmniVision Technologies earned $0.20 a share in the fourth quarter and sees profit of no more than $0.11 in the first quarter. Analysts expected $0.22 and $0.29, respectively. Revenue is stronger than expected, but investors are focused on that margin implosion. OVTI drops 8 percent in the premarket.
Vera Earnings, Revenue Beat Expectations
Vera Bradley reported first-quarter profit of $0.31, beating the $0.29 average analyst estimate. Revenue of $117.2 million was also better than the $116.55 million consensus number. VRA climbs 5 percent before the bell on my tradeMONSTER platform.
Sara Lee Gets Jolt From Coffee Spinoff
Sara Lee is shaking things up. The company's board gave final approval to the spinoff of its tea and coffee operations. The deal will also entail the payment of a $3-per-share special dividend and be followed by a 1-for-5 reverse stock split. SLE is higher by 3 percent on my tradeMONSTER system.
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OmniVision spikes on blowout quarter
May 31, 2013
The mobile-imaging company beat expectations and issued strong guidance; Guess crushes estimates; Palo Alto falls on weak outlook.
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