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Heavily-shorted InvenSense (INVN +25.7%) continues shooting higher after beating FQ4 estimates....

Heavily-shorted InvenSense (INVN +25.7%) continues shooting higher after beating FQ4 estimates. FQ1 guidance isn't great - revenue of $53M-$55M and EPS of $0.12-$0.14 vs. a consensus of $56.4M and $0.15 - but the motion sensor chipmaker also talked on its CC about a strong backlog and a solid relationship with Samsung, and didn't do anything to shoot down reports of an iPhone 5S design win. Top rival and current iPhone motion sensor supplier STMicroelectronics (STM -0.1%) is missing out on today's rally. (earlier)
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Comments (1)
  • Esekla
    , contributor
    Comments (3807) | Send Message
     
    My article discusses the company's valuation and long term prospects: http://seekingalpha.co...

     

    I should have fast-tracked the follow up article, submitted last night. It would have been useful to investors this morning.
    3 May 2013, 10:45 AM Reply Like
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