Crushed after delivering its FQ4 report, InvenSense (INVN +27%) skyrockets after posting FQ1...

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

Crushed after delivering its FQ4 report, InvenSense (INVN +27%) skyrockets after posting FQ1 results. Revenue of $39.2M (+10% Y/Y) was in-line with guidance of $38M-$40M, while EPS of $0.09 beat by a penny. During its earnings call, the maker of handheld device motion sensors guided for Q3 revenue of $53M-$57M - in-line with a $54.3M consensus, but better than many feared in light of worries about mobile component order cuts, as well as the impact of Qualcomm's supply shortages.