* Q2 adj EPS $0.03 vs est loss $0.03/shr
* Q2 rev $44.6 mln vs est $38 mln
* Sees Q3 rev $48 mln-$50 mln vs est $43.5 mln
* Shares rise 16 pct in extended trade
July 27 Chipmaker Silicon Image Inc SIMG.O
swung to a surprise quarterly profit on strong product sales
and forecast third-quarter revenue above market estimates,
sending its shares up 16 percent.
The company, whose chips are used in high-definition
televisions, set-top boxes and Blu-ray players, forecast
third-quarter revenue of $48 million to $50 million.
Analysts, on average, were looking for sales of $43.5
million for the period, according to Thomson Reuters I/B/E/S.
"We plan to launch new products targeted for the mobile
market and we expect them to contribute to our revenue growth
in 2011," Chief Executive Camillo Martino said in a statement.
For the second quarter, the company posted a net profit of
$1.8 million, or $0.02 cents a share, compared with a net loss
of $13.3 million, or 18 cents a share.
The results included a pre-tax restructuring expense of
$7.1 million, the company said.
Excluding special items, the company earned 3 cents a
share, beating estimates for a loss of 3 cents a share.
Revenue was $44.6 million, compared with analysts'
estimates of $38 million. Product sales rose 30 percent to
Shares of the Sunnyvale, California-based company were up
55 cents at $3.90 in extended trade. They closed at $3.35
Tuesday on Nasdaq.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by