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Solid-state drive maker OCZ Technology (OCZ) jumps 10.7% AH after reporting FQ2 earnings. Though...

Solid-state drive maker OCZ Technology (OCZ) jumps 10.7% AH after reporting FQ2 earnings. Though results were mixed - revenue of $78.5M (+106% Y/Y) beat consensus by $0.8M, but EPS of -$0.03 missed by $0.06 - OCZ is boosting its FY12 revenue guidance, and now expects to reach its long-term gross margin target sooner than expected. STEC is up 2.4% in sympathy.

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Comments (2)
  • serndipity
    , contributor
    Comments (193) | Send Message
     
    You're mixing apples and oranges (e.g. GAAP vs Non-GAAP)

     

    They beat non GAAP by $.03 ($.06 actual vs $.03 expected).
    5 Oct 2011, 05:09 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (918) | Send Message
     
    I was actually reporting non-GAAP, which was a loss of $0.03 (consensus for $0.03 profit). GAAP profit was $0.06.
    5 Oct 2011, 05:13 PM Reply Like
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