Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (36586)	3/27/2002 8:58:35 AM
From: Return to Sender	Read Replies (1) of 68148

ESS Technology raises guidance, cites strong demand biz.yahoo.com Wednesday March 27, 8:30 am Eastern Time FREMONT, Calif., March 27 (Reuters) - DVD chipmaker ESS Technology Inc. (NasdaqNM:ESST - news) on Wednesday raised its first- and second-quarter financial forecasts for the second time in a month, citing strong demand for digital video and video CD players. The Fremont, California-based company -- which last boosted its outlook on Feb. 28 -- said it now expects to report a profit of more than 27 cents per share in the first quarter. That compares with a previous per share forecast of 22 cents to 25 cents for the period. ESS Technology raised its first-quarter revenue projection to more than $75 million, up from its earlier forecast of $68 million to $70 million. Second-quarter results are ``looking stronger than previously expected'' ESS Technology said, adding that it will release a new forecast for the period when it reports first-quarter results on April 24. ``We attribute this growth in revenue to a very strong market for DVD and VCD players and to an increase in our market share in the DVD market,'' Robert Blair, president and chief executive of ESS Technology, said in a statement. ``We believe the market for DVD players is larger and growing faster than previously estimated and that our market share is continuing to grow.'' From Briefing.com: 7:37AM ESS Tech increases Q1 guidance; Q2 also looking stronger (ESST) 21.00: As reported yesterday, ESST raising guidance again for the second time in less than a month. For Q1, co sees EPS of more than $0.27 a share vs previous guidance of $0.22-$0.25 (consensus $0.24). ESST sees revenues exceeding $75 mln vs previous guidance of $68-$70 mln. Says Q2 is also looking stronger than previously expected. "We believe the market for DVD players is larger and growing faster than previously estimated and that our market share is continuing to grow." RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next