More on OmniVision's FQ1: The EPS miss was due to a 340 bps Q/Q drop in gross margin to 19.1%,...

|About: OmniVision Technologies, Inc. (OVTI)|By:, SA News Editor

More on OmniVision's FQ1: The EPS miss was due to a 340 bps Q/Q drop in gross margin to 19.1%, blamed on higher shipments of "advanced products" (BSI-2 sensors?) that had high manufacturing costs. FQ2 guidance is for revenue of $355M-$390M and EPS of $0.21-$0.37 vs. a consensus of $268.6M and $0.33. The EPS guidance suggests margins remain pressured, but the revenue guidance indicates huge orders and multiple design wins for new Apple products. OVTI +7.4% AH. (PR)