InvenSense -19.8% AH on soft FQ1 guidance

|About: InvenSense (INVN)|By:, SA News Editor

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.