InvenSense -19.8% AH on soft FQ1 guidance

InvenSense (INVN) guides on its FQ4 CC for FQ1 revenue of $63M-$66M and EPS of $0.07-$0.08, below a consensus of $69.1M and $0.16. Top customer Samsung is expected to continue accounting for a mid-30s % of sales.

The company still expects 25%-35% FY15 (ends March '15) revenue growth; the consensus is at 29.2%.

The outlook comes after InvenSense posted mixed FQ4 results. Oppenheimer downgraded shares a month ago, citing competition and the timing of image stabilization/wearable design win ramps.

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Comments (6)
  • Esekla
    , contributor
    Comments (4751) | Send Message
    Furthermore, guidance for fiscal 2015 is 70 to 75 cents, which is below consensus of 85 cents. See further discussion in the comments of my article.
    1 May 2014, 05:49 PM Reply Like
  • johnnyvolvo
    , contributor
    Comments (345) | Send Message
    Coming back from the lows, now "only" down about 15% AH's. Lots of volume for an after hour stock....momentum plays are getting punished in theis market badly when they slow down or have a hiccup, and INVN is NOT proving to be an exception to that.
    But - I still believe in wearables, the internet of things, gaming and spacial location, all newer and growing markets. And INVN is right there in the middle of them all.
    1 May 2014, 06:18 PM Reply Like
  • GreeceMonkey
    , contributor
    Comments (8) | Send Message
    Short term hiccup. Long term INVN shareholders are likely to do well. I've been waiting for a pullback to get in on this one. I believe now might be the time...
    1 May 2014, 07:33 PM Reply Like
  • SebringLad
    , contributor
    Comments (5) | Send Message
    I plan on adding more tomorrow !!!!!
    1 May 2014, 07:50 PM Reply Like
  • patrickkrebs
    , contributor
    Comments (3) | Send Message
    I'm Doubling my position tomorrow!!!
    1 May 2014, 08:06 PM Reply Like
    , contributor
    Comment (1) | Send Message
    Even if they hit the mid-point, which is 72.5 cents per share for the year, it is a PE of less than 25! This is for a high growth company for which we don't even know all the use cases for :)
    1 May 2014, 09:06 PM Reply Like
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