Seeking Alpha

InvenSense falls sharply after Q2 earnings

  • InvenSense (INVN): FQ2 EPS of $0.21 beats by $0.01.
  • Revenue of $70.9M (+28.2% Y/Y) beats by $1.66M. Shares -14.1% AH. (PR)

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Comments (4)
  • Esekla
    , contributor
    Comments (3671) | Send Message
     
    I've tweeted and commented on the earnings call here: http://seekingalpha.co...

     

    I'd warned about a post-earnings drop, but there were a couple of significant points in the Q&A that may turn that around.
    29 Oct 2013, 05:31 PM Reply Like
  • Fabian K.
    , contributor
    Comment (1) | Send Message
     
    So do you have any guesses on why everyone is selling since $INVN beat the estimates or am I missing something?
    29 Oct 2013, 09:58 PM Reply Like
  • Esekla
    , contributor
    Comments (3671) | Send Message
     
    They had a very conservative forecast which was below estimates. A lot of companies are predicting 2014 will be tough, economically. The company is adjusting, though. Here's my article on how: http://seekingalpha.co...
    30 Oct 2013, 09:51 AM Reply Like
  • Hendershott
    , contributor
    Comments (1619) | Send Message
     
    You have a short attack supported by one of the short's favorite analysts...Ashok Kumar. The Apple story by him was just a red herring. He'll likely continue to spit out BS for a while though. We have one somewhat soft quarter on gaming, but other news could come at any time. Basically buy the dip ala SYNA.
    29 Oct 2013, 08:13 PM Reply Like
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