Key Developments: OmniVision Technologies Inc (OVTI.O)
14.40USD
24 May 2013
$0.07 (+0.49%)
$14.33
$14.25
$14.59
$14.22
746,686
935,301
$17.85
$11.82
Latest Key Developments (Source: Significant Developments)
OmniVision Technologies Inc Issues Q4 2013 Guidance In Line With Analysts' Estimates
OmniVision Technologies Inc announced that for the fourth quarter of 2013, it expects revenues to be in the range of $300 million to $330 million and GAAP net income per share will be between $0.00 and $0.15 per diluted share. Excluding the estimated expense and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share will be between $0.14 and $0.29 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $318 million and EPS of $0.21 for the fourth quarter of 2013. Full Article
OmniVision Technologies Inc Issues Q3 2013 Guidance
OmniVision Technologies Inc announced that for the third quarter of 2013, it expects revenues to be in the range of $390 million to $425 million and GAAP net income per share to be between $0.17 and $0.30 per diluted share and expects non-GAAP net income per share to be between $0.33 and $0.46 per diluted share. Full Article
OmniVision Technologies Inc Appoints Raymond Wu As President-Form 8-k
OmniVision Technologies Inc reported in its Form 8-k that on November 29, 2012, the board of directors of the Company appointed Raymond Wu as new President, effective December 1, 2012. Full Article
OmniVision Technologies Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates
OmniVision Technologies Inc announced that for the second quarter of 2013, it expects revenues to be in the range of $355 million to $390 million and GAAP net income per share will be between $0.06 and $0.22 per diluted share. Excluding the estimated expense and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share will be between $0.21 and $0.37 per diluted share. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of 269 million and EPS of $0.33 for the second quarter of 2013. Full Article
OmniVision Technologies Issues Q1 2013 Guidance
OmniVision Technologies announced that for first quarter of 2013, it expects revenues to be in the range of $235-$255 million and GAAP net income per share attributable to OmniVision Technologies, Inc. common stockholders will be between $0.00-$0.11 per diluted share. Excluding the estimated expenses and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share attributable to OmniVision Technologies, Inc. common stockholders will be between $0.16-$0.27 per diluted share. Full Article
OmniVision Technologies Issues Q4 2012 Guidance
OmniVision Technologies announced that it expects fourth quarter of 2012 revenues will be in the range of $195-$215 million and GAAP net income per share will be between $0.00 and $0.13 per diluted share. Excluding the estimated expenses and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share attributable to OmniVision Technologies, Inc. common stockholders will be between $0.15 and $0.28 per diluted share. Refer to the table below for a reconciliation of GAAP to non-GAAP net income. Full Article
OmniVision Technologies Issues Q3 2012 Guidance
OmniVision Technologies announced that for the third quarter of 2012, it expects revenues to be in the range of $160 million to $180 million and GAAP net income (loss) per share attributable to the Company's common stockholders will be between $(0.06) and $0.06 on a diluted basis. Excluding the estimated expense and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share attributable to the Company's common stockholders will be between $0.05 and $0.17 per diluted share. Full Article
OmniVision Technologies Lowers Q2 2012 Revenue Outlook
OmniVision Technologies announced that it has revised its revenues outlook for the second quarter of 2012. The Company currently projects net revenues for the second quarter of 2012 to be in the range of $212 million to $217 million. This compares to the revenues forecast of $255 million to $275 million announced on August 25, 2011. This revised outlook reflects an unexpected cutback in orders for certain key projects that are currently in production. This has reduced the unit sales of OmniBSI and OmniPixel3-HS based products. The Company expects the business environment to remain volatile, especially in consumer-oriented product markets. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $260 million for the second quarter of 2012. Full Article
OmniVision Technologies Announces $100 Million Stock Buyback Program
OmniVision Technologies announced that its Board of Directors authorized a program to repurchase up to $100 million of the Company's outstanding common stock, effective immediately. The program does not obligate the Company to acquire any particular amount of stock and purchases under the program may be commenced or suspended at any time, or from time to time, without prior notice. Full Article
Izard Nobel LLP Announces Class Action Lawsuit Against OmniVision Technologies
Izard Nobel LLP announced that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the common stock of OmniVision Technologies, Inc. between August 27, 2010 and October 13, 2011, inclusive (Class Period). The Complaint charges that OmniVision and certain of its Officers and Directors violated federal securities laws by concealing the loss of its exclusive contract with Apple. On August 25, 2011 OmniVision disclosed delays in the production of its new 8-megapixel product line. As a result, OmniVision would not be the exclusive producer of camera components for Apple's new iPhone 4S, released on October 14, 2011. In response to this news, OmniVision stock declined $7.55 per share, over 30%, to close at $17.27 on August 26, 2011. On October 14, 2011, when the iPhone 4S was released, experts examined the phone's camera and determined that Sony, not Omnivision, had supplied a key component. On this confirmation of the reduced role of the Company's components in the iPhone 4S, OmniVision stock fell $1.65 per share, or 9.3%, to close at $15.95 per share. Full Article
BRIEF-OmniVision Tech drops in extended trade after Q3 results, outlook
NEW YORK, Feb 28 - OmniVision Technologies Inc : * OmniVision Tech drops 7.9 percent to $14.20 in extended trade after Q3 results, outlook
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