Seeking Alpha

OmniVision beats by $0.12, misses on revenue

  • OmniVision (OVTI): FQ1 EPS of $0.55 beats by $0.12.
  • Revenue of $373.7M misses by $2.88M. Shares -10.59% AH. (PR)
Comments (2)
  • dragonlove25
    , contributor
    Comment (1) | Send Message
     
    I wonder why ovti stock drop almost $2 when they misses by only $2.88M. Eventhough, ovti still makes money right? Someone pls. educate me more...I just want to know more about stock.
    29 Aug 2013, 05:04 PM Reply Like
  • Zarig
    , contributor
    Comments (28) | Send Message
     
    OVTI's price decline can be summed up this way: 1. Guidance is 'soft'; 2. Gross margin fell from 19.1% to 17.4%; 3. OVTI was downgraded from by 3 analysts; 4. OVTI's price target has been reduced.
    30 Aug 2013, 10:53 AM Reply Like
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