LEXR taking a hit, trading at 13.80; SNDK down to 27.40....edit: now at 26.70
Lexar Media First Quarter Revenues Grow 202% Year over Year
Thursday April 15, 4:15 pm ET
biz.yahoo.com
FREMONT, Calif., April 15 /PRNewswire-FirstCall/ -- Lexar Media, Inc. (Nasdaq: LEXR - News), a leading manufacturer and marketer of high-performance digital media and accessories, today reported financial results for the first quarter ended March 31, 2004.
Total first quarter revenues of $164.7 million increased 202% from $54.6 million in the same period last year and decreased 7% sequentially from $177.5 million in the preceding quarter. Product revenues of $161.1 million increased 220% from $50.3 million in the same period last year and decreased 7% from $172.8 million in the preceding quarter. Net income was $9.4 million, or $0.11 per diluted share, as compared to $4.3 million, or $0.06 per diluted share, in the same period last year and $18.9 million, or $0.21 per diluted share, in the fourth quarter of 2003.... |
