From Briefing.com: Stronger then expected housing starts, mortgage applications and earnings reports floated blue chips higher but did not stop the sell off in tech on Wednesday.
The Dow (DJI 10623.62 +94.96) rose 0.90%, the S&P 500 (SPX 1147.62 +8.85) edged higher 0.78% but the Briefing.com Tech Index (BTI) slipped 0.8%. Among BTI companies, decliners outnumbered advancers 1.8:1, with decliners dropping 3.1% and advancers rising 3.4%. Large cap tech continue to consolidate. The Philadelphia Semiconductor Index (SOXX 540.71 -14.54) fell as much as 3.4% before late day buying helped the index recover to close the session down 2.62%. There were no advancers among the 18 companies that comprise the index. The tech sell off dragged the Nasdaq Composite (IXIC 2142.45 -5.53) down 0.26%.
Earnings reports are coming in ahead of expectations but are playing catch up to valuation. The result, shares are more likely to trade off following earnings rather than move higher. As with Tuesday, many of the companies that reported after the close on Wednesday are lower in after hours trading, including:.
Maxtor (MXO 10.75 -1.56): Q1 non-GAAP EPS of $0.24 on revenue of $1.171B (+12.8% Y/Y) vs. consensus at $0.23 on $1.139B.
Netscreen Technologies (NSCN 29.03 -0.85): Q1 EPS of $0.14 on of $81.017MM (+58.6% Y/Y) vs. consensus at $0.12 on $78.86MM.
Qualcomm (QCOM 58.77 -0.11): Q1 EPS of $0.43 ($0.51, excluding QSI segment) on $1.242B (+13.2% Y/Y) vs. consensus at $0.48 on $1.195B.
SanDisk (SNDK 69.59 -2.86): Q4 EPS of $0.94 on $389.295MM (+116.5% Y/Y) vs. consensus at $0.78 on $355.44MM.
Silicon Graphics (SGI 2.94 -0.19): Q2 EPS of ($0.03), excluding loss on early retirement of debt, on $237.913MM vs. consensus at ($0.04) on $233.15MM (-9.4% Y/Y).
We see tech shares continuing to be highly volatile near-term and would improve the quality of the portfolio by selling richly priced shares into strength.
Looking ahead to Thursday, EMC (EMC 15.10 -0.39) and Nokia (NOK 20.97 -0.13) are scheduled to report before the open, and Integrated Device Tech (IDTI 20.29 -0.67), Microsoft (MSFT 28.30 +0.20), Storage Technology (STK 29.39 -0.07) and Vitesse Semiconductor (VTSS 8.16 -0.19) after the close.--Ping Yu, Briefing.com
6:33PM Wednesday After Hours prices levels vs. 4 pm ET: Following its disappointing performance in the regular session today, the tech sector looks ready to come roaring back tomorrow with a number of better than expected reports. Several semiconductor, chip equipment, internet, and software names issued encouraging outlooks for their businesses, and that has lifted the market tonight. Presently, the S&P futures, at 1147, are 1 point above fair value, and the Nasdaq 100 futures, at 1553, are 4 points above fair value.
The below table highlights some of the most notable reporters, and the reasons behind the stock's resulting move:
After Hours Mover % Change Move Reason for Move
eBay (EBAY) +4% Internet company shows upside in Q4 (Dec) report and guides Q1 (Mar) and FY04 (Dec) EPS a penny above the Reuters Research consensus estimate; Shares have advanced 17% since their split in September despite calls deriding the stock's rich valuation
Lam Research (LRCX) +2% Mid-cap chip equipment company tops the Street's Q2 (Dec) estimates and guides revenues higher for Q3 (Mar); Said on the conference call that it sees EPS in line with the consensus at $0.10; Peer companies AMAT and NVLS also trade higher off the news
Netflix (00C0) +9% On-demand entertainment service exceeds the consensus EPS and revenue expectations in its Q4 (Dec) report; Sees Q1 (Mar) revenues above the Street's forecast; Also declares a 2-for-1 stock split for all shareholders on record as of February 2
Siebel Systems (SEBL) -4% Applications software provider meets market's expectation of Q4 (Dec) EPS of $0.08; Puts Q1 (Mar) EPS at $0.04-0.05 versus the First Call consensus of $0.05 and Reuters Research consensus of $0.06; Also notes that 'estimates for services revenues look a bit high' on call
Symantec (SYMC) +8% Security software maker beats Wall Street's forecast by $0.05 in Q3 (Dec) report; Briefing.com suggested that there could be upside to numbers in this afternoon's Earnings Preview on Live In-Play
Xilinx (XLNX) +7% Semi name blows past consensus estimates in Q3 (Dec) report and Q3 (Mar) revenue outlook; Management cites 'broad-based strength across all products, geographies and end markets'
Tomorrow, the earnings rush continues as a wide array of companies release numbers. Eastman Kodak (EK), Ford (F), Nokia (NOK), Pfizer (PFE), SAP AG (SAP), Southwest Air (LUV), and UnitedHealth Group (UNH) are among the industry-leading names reporting. As for economic reports, two will be released in the morning - initial claims for the week of January 16 and December Leading Indicators. Be sure to visit Briefing.com's Economic Calendar for the relevant market expectations.
For more detail on these, and other developments, be sure to visit our Stock Market Update and Daily Sector Wrap. -- Heather Smith, Briefing.com
4:37PM Sanmina-SCI (SANM) 14.12 -1.19: After the close on Tuesday, SANM printed Q1 GAAP EPS of $0.03 ($0.05 excluding extraordinary items) on revenue of $2.970B (+17.1% Y/Y) vs. Reuters Research consensus at $0.04 on $2.887B.
Guided for Q2 EPS of $0.03-0.05 on $2.75-2.90B (+12.5-18.7% Y/Y) vs. consensus at $0.04 on $2.810B. PerformanceP&L Line Result
Revenue Revenue increased 17.1% Y/Y to $2.970B.
Communications: 24% of sales. Looking for Q2 to be flat Q/Q; traditionally down 10% in Q2 but seeing strength in wireless.
Personal and Business Computing: 42% of sales; 2 customers account for majority of sales. Expect segment to down 15-20% in Q2 due to seasonality.
Enterprise Computing and Storage: 18% of sales. Expect segment to be flat to down 5% in Q2.
Industrial and Medical Instrumentation: 9% of sales. Expect segment to be up 15-20% in Q2 on strength across all three sectors (Semiconductor Capital Equipment, Medical and Aerospace).
Multimedia: 7% of sales. Looking for Q2 to be flat to up 5% Q/Q; traditionally down in Q2 but seeing strength due to new program wins.
Top 10 customers account for 72% of sales; top 20, 82%; 2 10%+ customers.
Gross Margin Gross profit rose 29.6% Y/Y to $141.191MM. Gross margin improved 50 bps Y/Y to 4.8%.
Operating Margin Operating profit jumped 129.2% Y/Y to $55.126MM. Operating margin improved 100 bps Y/Y to 1.9%.
SG&A declined 5.0% Y/Y to $77.046MM and improved as a percent of sales by 60 bps Y/Y to 2.6%.
R&D increased 214.9% Y/Y to $6.899MM and increased as a percent of sales by 10 bps Y/Y to 0.2%.
Cash Flow Cash flow from operations declined 10.7% Y/Y to $109.997MM.
Free cash flow declined 5.2% Y/Y to $98.129MM.
Valuation
Table I (Revenue Growth and Operating Margin Matrix) shows the revenue growth and corresponding operating margin the company must achieve each year for the eight years beginning in F06 in order for investors to justify owning shares at current valuation. Table I: Revenue Growth and Operating Margin Matrix.Revenue Growth* Operating Margin*
20% 6%
High Single Digit 8%
Low Single Digit 10%
* Assumes firm balance sheet management and steady Y/Y improvement. On a price multiples basis, SANM trades at 0.63x F04E revenue of $11.595B (+11.9% Y/Y) and 0.56x Reuters Research consensus F05E revenue of $12.961B (+11.8% Y/Y), and 67.2x F04E EPS of $0.21 and 34.4x F05E EPS of $0.41.
Summary
Q1 results and Q2 outlook speak to recovery within end-markets, including networking, enterprise computing, wireline and semiconductor capital equipment. Highly leveraged operating model. Near-term shift in revenue mix towards lower margin products is end-market driven. Management is shifting revenue mix in favor of higher margin businesses, providing the company with opportunity to expand gross and operating margin to the mid to high single digit level, and the patient investor with significant upside. Attractively valued on a DCF/EVA basis and modestly priced on a price/sales basis. Would inititiate minor position at current level.--Ping Yu, Briefing.com
5:19PM Lam Research gudes revs higher for Q3, but see EPS in-line (LRCX) 33.65 -1.03: -- Update -- On conference call, LRCX puts Q3 (Mar) revenues at approximately $215 mln versus the Reuters Research consensus estimate of $206.7 mln, and EPS at $0.10 versus the R.R. of $0.10... Adds that Q3 orders should be up 25% and gross margins should be relatively flat... Management also says that Q4 (June) revenues should be $270 mln.-- Update --
4:40PM SanDisk announces 2 for 1 split (SNDK) 69.72 -2.73: -- Update -- Co announced that its Board of Directors approved a two-for-one stock split of its common stock to be effected in the form of a stock dividend. Check SNDK 16:21 comment for earnings release information.
4:37PM Plexus Corp beats by $0.01, guides Q2 above consensus (PLXS) 24.25 +1.45: Reports Q1 (Dec) earnings of $0.06 per share, $0.01 better than the Reuters Research consensus of $0.05; revenues rose 16.1% year/year to $238.5 mln vs the $234.5 mln consensus. Co also guides Q2, sees EPS of $0.07-0.09, vs the R.R. consensus of $0.04, and revenues of $245-255 mln, vs an estimate of $223.1 mln.
4:37PM SYMC prelim $0.34, consensus $0.29; prelim revs $493.9 mln vs $460 mln consensus :
4:35PM Westell Tech reports in line; guides in line for Q4 (WSTL) 8.49 -0.08: Reports Q3 (Dec) earnings of $0.08 per share, in line with the Reuters Research consensus of $0.08; revenues rose 21.9% year/year to $60.0 mln vs the $59.6 mln consensus. Co sees Q4 (Mar) EPS of $0.09 and revenues of $60-61 mln, Reuters consensus is $0.09 and $61 mln, respectively.
4:27PM Silicon Storage beats by $0.04, guides higher for Q1 (SSTI) 12.88 -0.58: Reports Q4 (Dec) earnings of $0.10 per share, excluding a $0.01 charge relating to the Atmel court case, $0.04 better than the Reuters Research consensus of $0.06; revenues rose 51.5% year/year to $95.2 mln vs the $91.6 mln consensus. Co says the industry recovery that began in Q3 is continuing its momentum into 2004. Booking activities in Q4 were at their highest level since the last peak in 2000.. Co expects Q1 revenue and EPS of $94-$100 mln and $0.08-$0.10 vs consensus of $91.6 mln and $0.06.
4:25PM Xilinx beats by a penny, beats on revs; guides Q4 revs above consensus (XLNX) 40.39 -1.48: Reports Q3 (Dec) earnings of $0.19 per share, $0.01 better than the Reuters Research consensus of $0.18; revenues rose 29.3% year/year to $365.6 mln vs the $340.8 mln consensus. Co expects Q4 (Mar) reveneus of $391-402 mln, Reuters consensus is $360 mln.
4:21PM SanDisk beats by $0.16; guides for Y04 (SNDK) 69.72 -2.73: Reports Q4 (Dec) earnings of $0.94 per share, $0.16 better than the Reuters Research consensus of $0.78; revenues rose 116.5% year/year to $389.3 mln vs the $355.4 mln consensus. Co sees Y04 revenues in the range of $1.50-1.75 bln, Reuters consensus us is $1.57 bln
4:17PM Lam Research names new CFO (LRCX) 33.65 -1.03: -- Update --
4:16PM Lam Research beats by 2 cents (LRCX) 33.65 -1.03: Reports Q2 (Dec) "ongoing" earnings of $0.07 per share, $0.02 better than the Reuters Research consensus of $0.05; revenues rose 3.7% year/year to $191.5 mln vs the $184.8 mln consensus.
4:14PM LRCX prelim $0.07, 2 cents ahead; revs $191.5 mln vs $184.79 mln consensus:
4:12PM Openwave reports in-line Q2 EPS, issues Q3 guidance (OPWV) 16.01 -0.83: Reports Q2 (Dec) loss of $0.15 per share, in line with the Reuters Research consensus of ($0.15); revenues rose 7.5% year/year to $71.8 mln vs the $66.6 mln consensus. Co expects Q3 EPS of ($0.07)-($0.22) on $70 mln in sales, plus or minus $5 mln, vs consensus of ($0.09) and $68.0 mln.
4:10PM F5 Networks beats by $0.04; guides above Q2 consensus (FFIV) 31.05 -1.89: Reports Q1 (Dec) earnings of $0.11 per share, $0.04 better than the Reuters Research consensus of $0.07; revenues rose 33.3% year/year to $36.1 mln vs the $33.5 mln consensus. Co sees Q2 (Mar) EPS of $0.13-0.15 and revenues of $37-39 mln, Reuters consensus is $0.08 and $35 mln, respectively.
4:07PM Natl Instruments reports; guides Q1 in line, announces split (NATI) 46.06 -2.70: Reports Q4 (Dec) earnings of $0.26 per share, excluding a $0.05 charge, $0.03 better than the Reuters Research consensus of $0.23; revenues rose 14.4% year/year to $121.9 mln vs the $115.4 mln consensus. Company sees Q1 EPS of $0.21-0.25 vs the Reuters Research consensus of $0.22. The company also announced a 3-for-2 stock split and a quarterly dividend of 5 cents per share on the company's common stock payable on Feb. 20,2004, to holders of record on Feb. 5, 2004.
4:05PM Qualcomm beat by $0.03, ex items, guides Y04 in line (QCOM) 58.77 -0.11: Reports Q1 (Dec) earnings of $0.51 per share, ex items, $0.03 better than the Reuters Research consensus of $0.48; revenues rose 10.0% year/year to $1.206 bln vs the $1.20 bln consensus. Co also guides Y04, sees EPS of $1.56-1.61, excluding the QSI segment, vs the R.R. consensus of $1.56.
4:05PM Cirrus Logic reports, guides (CRUS) 8.38 -0.92: Reports Q3 (Dec) earnings of $0.46 per share, which includes a $45 mln gain and a $4.1 mln charge. After backing these out, we came up with loss of $0.02 per share, not clear if comparable to the Reuters Research consensus of ($0.03), in touch with Reuters to find out; revenues fell 8.8% year/year to $55.2 mln vs the $54.8 mln consensus. Company sees Q4 revenues of $48-52 mln, consensus $50 mln.
4:05PM WSTL prelim $0.08, in line; Q4 guidance in-line though rev outlook appears just a tad below consensus:
3:12PM Symantec Earnings Preview (SYMC) 37.82 +0.28: Symantec is scheduled to report after the close with Reuters Research earnings consensus of $0.29 per share and revs of $460.0 mln. PiperJaffray notes this morning's reporting by CDWC of strong software sales of $236 mln, which was led by demand of security related products and specifically naming SYMC's anti-virus software during the conference call bodes well for the stock. In addition, the firm notes CDW is a key participant in the enterprise software channel and expressed its belief that the co's strong Dec qtr suggests some upside potential to its enterprise security estimates. Piper expects SYMC to report $0.30 EPS and revs of $470.0 mln. JP Morgan believes the consumer business experienced continued momentum during the qtr while the enterprise business appears to have gained strength. The firm notes the potential for out-performance in the stock rests in large part with forward earnings estimates. While the firm expects upward revisions to March estimates, they note the June and Sept qtrs are the seasonally slower qtrs of the year.
3:01PM Intel doubles cash dividend; note that yield moves to only 0.5% (INTC) 32.29 -0.32: Co announces a 100% increase in its quarterly cash dividend to $0.04 from $0.02. Note that this action increases co's yield to just 0.5%.
2:21PM SanDisk Earnings Preview (SNDK) 70.55 -1.90: SNDK is due to report Q4 results after the close tonight (Reuters consensus $0.78 and $355.44 mln; note that First Call mean is $0.77 and $359; reason for difference is that Reuters has one extra contributor to its consensus). The stock has received multiple upgrades over the past month and analysts have continued to raise estimates going into the report. Hence, it's fair to say that the market is expecting a big number (in fact, given co's recent EPS upside history, a very big number is likely anticipated by the market). Yesterday, JP Morgan raised its Q4 est to $0.79 from $0.70 citing channel checks going into the qtr. At the high-end of the street is Thomas Weisel, which recently raised its Q4 est to $0.88 from $0.71 (and rev est to $378 mln from $352 mln)... Recent history shows SNDK delivering big upside (made $0.60 in Q3 vs $0.45 consensus and $0.52 in Q2 vs $0.31 consensus). In reaction to co's Q3 blowout report, the stock gapped up 4.49 pts before finishing the session up 3.21 pts from the previous day's close.
1:52PM Advanced Micro Devices (AMD) 16.10 -1.28: After the close on Tuesday, AMD published Q4 EPS of $0.12 on revenue of $1.206B (+75.6% Y/Y) vs. Reuters Research consensus at $0.03 on $1.077B.
Guided for Q1 revenue to be down slightly Q/Q due to seasonality. Consensus is at ($0.01) on $1.026B. PerformanceP&L Line Result
Revenue Revenue grew 75.6% Y/Y to $1.206B on strong demand for processors and flash memory across geographic markets.
Gross Margin Gross profit grew 137.5% Y/Y to $427.085B. Gross margin improved 920 bps Y/Y to 35.4%.
Operating Margin Operating profit improved Y/Y from ($589.995MM) to $45.815MM. Operating margin improved Y/Y to 3.8%.
MG&A declined 16.2% Y/Y to $162.807MM and improved as a percent of sales by 1480 bps Y/Y to 13.5%.
R&D fell 7.5% Y/Y to $226.502MM and declined as a percent of sales by 1690 bps Y/Y to 18.8%.
Results By Segment CPG (Computation Products Group) revenue grew 37.7% Y/Y to $581MM (48% of sales). Operating profit improved Y/Y from ($157MM) to $63MM.
Strong demand for the Athlon XP desktop processor line drove unit volumes and average selling prices higher.
Opteron processor penetrating the enterprise segment.
Athlon 64 FX processor sales strong; becoming the platform of choice for enthusiasts.
IBM, HP and Fujitsu-Siemens selling AMD64 processor-based systems. Sun Microsystems plans to ship Opteron processor-based enterprise servers in H1:04.
MPG (Memory Products Group) revenue increased 160.8% Y/Y to $566MM (47% of sales). Operating loss improved Y/Y from to $59MM to $3MM.
Sales driven by strong seasonal growth, demand for higher density flash products and Spansion Flash memory market share gains in the wireless and consumer electronics segments.
Qualified 110nm floating gate technology.
Valuation
Table I (Revenue Growth and Operating Margin Matrix) shows the revenue growth and corresponding operating margin the company must achieve each year for the eight years beginning in C06 in order for investors to justify owning shares at current valuation. Table I: Revenue Growth and Operating Margin Matrix.Revenue Growth* Operating Margin*
High 20% 20%
High Teens 25%
Low Teens 30%
* Assumes firm balance sheet management and steady Y/Y improvement. On a price multiples basis, AMD trades at 1.3x C04E revenue of $4.438B (+26.1% Y/Y) and 1.1x Reuters Research consensus C05E revenue of $5.104B (+15.0% Y/Y), and 57.5x C04E EPS of $0.28 and 26.8x C05E EPS of $0.60.
Summary
Solid quarter by all metrics. Management is reducing expenses even as sales ramp. However, shares are fairly valued even assuming AMD achieves 20% revenue growth (in-line with industry) and 20% operating margin beyond C06. Note that the 20% operating margin is above AMD's eight year historical high of 19.1% (2001) and is significantly below Q4 operating margin of 3.8%. This suggests the market is pricing in:
improvements to manufacturing yields and margins expansion from higher unit volumes and/or from AMD's transition to advance production technologies (300mm and 110nm), and
>20% annual growth based on strong demand / market share gains for Athlon and Opteron processors, and MirrorBit and Spansion memory solutions.
AMD may be able to achieve 20%+ revenue growth near-term based on strength of demand for flash solutions and 64-bit processors, and mid teens to low 20% operating margin on economies of scale and operating efficiencies but the company will be challenged to sustain sales growth and margin momentum beyond C05 given competitive environment. Competitors, including Intel (INTC 31.93 -0.68) and Samsung, have and are in the process of transitioning to advance production technologies, including 300mm and 90nm nodes, and are scheduled to release a number of competing processor and memory solutions. Most of AMD's production is based on 130nm and older technologies. We would wait for a 25-35% pull-back before reconsidering AMD as a short-term investment.--Ping Yu, Briefing.com
11:09AM Motorola (MOT) 16.65 -0.40: After the close on Tuesday, Motorola published Q4 EPS of $0.17 on revenue of $8.023B (+4.2% Y/Y) vs. Reuters Research consensus at $0.13 on $7.723B.
Guided for Q1 EPS of $0.05-0.07 on $6.4-6.8B (+5.9-12.5% Y/Y) vs. consensus at $0.06 on $6.368B. PerformanceP&L Line Result
Revenue Revenue grew 4.2% Y/Y to $8.023B.
Gross Margin Gross profit grew 6.0% Y/Y to $2.701B. Gross margin improved 60 bps Y/Y to 33.7%.
Operating Margin Operating profit grew 15.2% Y/Y to $608MM. Operating margin improved 70bps Y/Y to 7.6%.
SG&A grew 7.3% Y/Y to $1.161B and increased as a percent of sales by 40 bps Y/Y to 14.5%.
R&D eased 0.5% Y/Y to $932MM and declined as a percent of sales by 60 bps Y/Y to 11.6%.
Results By Segment PCS (Personal Communications Segment) revenue declined 2.8% Y/Y to $3.276B (41% of sales) on product delays during the quarter; products are shipping. Operating profit dropped 59.5% Y/Y to $179MM (29% of operating profit).
SPS (Semiconductor Products Segment) revenue increased 2.3% Y/Y to $1.373B (17% of sales) on firming demand from the networking market. Operating profit rose 629% Y/Y to $51MM (8% of operating profit).
GTSS (Global Telecom Solutions Segment) revenue rose 10.5% Y/Y to $1.365B (17% of sales). Operating profit rose 4067% Y/Y to $125MM (21% of operating profit).
CGISS (Commercial, Govt, and Industrial Solutions Segment) revenue grew 5.4% Y/Y to $1.237B (15% of sales). Operating profit increased 47.0% Y/Y to $247MM (41% of operating profit).
IESS (Integrated Electronic Systems Segment) revenue grew 17.4% Y/Y to $669MM (8% of sales). Operating profit rose 119.4% Y/Y to $68MM (11% of operating profit).
BCG (Broadband Communications Segment) revenue grew 4.3% Y/Y to $510MM (6% of sales). Operating profit dropped 36.4% Y/Y to $35MM (6% of operating profit).
OPS (Other Products Segment) revenue edged up 1.5% Y/Y to $132MM (2% of sales). Operating loss improved Y/Y from to $39MM to $23MM.
Valuation
Table I (Revenue Growth and Operating Margin Matrix) shows the revenue growth and corresponding operating margin the company must achieve each year for the eight years beginning in C06 in order for investors to justify owning shares at current valuation. Table I: Revenue Growth and Operating Margin Matrix.Revenue Growth* Operating Margin*
Low 20% 15%
Low Teens 20%
High Single Digit 25%
* Assumes firm balance sheet management and steady Y/Y improvement. On a price multiples basis, MOT trades at 1.4x C04E revenue of $28.105B (+3.9% Y/Y) and 1.3x Reuters Research consensus C05E revenue of $30.828B (+9.7% Y/Y), and 38.7x C04E EPS of $0.43 and 26.4x C05E EPS of $0.63.
Summary
Shares are fully valued on a DCF/EVA basis, moderately priced on a price to sales basis and are a better trading vehicle than a long-term investment until management delivers greater progress in growing revenue, and gross and operating margin. To do so, management must first stabilize the company's market share position within the communications businesses (PCS continues to lose market share) while keeping a tight rein on SG&A expense, which outgrew revenue this quarter. The pending spin-off of the semiconductor business is a positive and necessary move. The spin-off allows management to redirect critical resources to product development and marketing for the communications businesses rather than fund capital expenditures. This will take several quarters to produce tangible results but it remains to be seen whether MOT can recapture lost ground. Until then, it will be difficult for MOT to deliver the revenue growth and operating margin necessary for investors to justify owning shares at current level. We would wait for a 20-25% pull-back.--Ping Yu, Briefing.com
ASML Holding (ASML) 21.49 -0.46 : Banc of America Sec downgraded Neutral to SELL . Target $9 to $12. Believes stock price is more than discounting a cyclical recovery but it is not discounting the secular issues ahead of the company.
Dupont Photomask (DPMI) 25.25 +0.80 : Before the open, reported Q2 (Dec) loss of $0.73 per share, which includes $0.02 in charges, $0.14 better than the Reuters Research consensus of ($0.87); revenues rose 6.2% year/year to $86.0 mln vs the $84.3 mln consensus.
Kulicke & Soffa (KLIC) 15.60 -1.04 : Before the open, reported Q1 (Dec) earnings of $0.01 per share, which includes a $6.2 mln charge and is not comparable to the Reuters Research consensus of $0.05; revenues rose 1307.0% year/year to $160.4 mln vs the $154.1 mln consensus. Reuters Research is telling us that excluding $6.2 mln in charges related to redemption of convertible notes, KLIC made $0.05 per share, in line with Reuters Research consensus of $0.05.
Integrated Circuit (ICST) 27.60 -1.93 : Before the open, reported Q2 (Dec) earnings of $0.26 per share, in line with the Reuters Research consensus of $0.26; revenues rose 12.3% year/year to $69.6 mln vs the $69.5 mln consensus.
finance.yahoo.com
Thanks for the updated tables!
RtS |
