Key Developments For Zoran Corporation
Zoran Corporation (ZRAN.O) (Nasdaq)
Zoran Corporation Issues Q4 2009 Guidance; Revenue Guidance Below Analysts' Estimates
Zoran Corporation announced that for fourth quarter 2009, it expects revenues to range between $91-$95 million. The Company expects to record a fourth quarter of 2009 GAAP loss in the range of $0.06 to $0.14 per share. On a non-GAAP basis, which excludes acquisition-related amortization costs and stock-based compensation expense, the Company expects a net loss in the range of $0.00 and $0.07 per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $101 million and breakeven EPS for the same period.
Zoran Corporation Issues Q3 2009 Guidance; Revenue Guidance Above Analysts' Estimates
Zoran Corporation announced that for third quarter of 2009, it expects revenue to be in the range of $105-$110 million, GAAP loss to be in the range of $0.00-$0.05 per share and non-GAAP net income, which excludes acquisition-related amortization costs and stock-based compensation expense, to be in the range of $0.01-$0.05 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $102 million for the same period.
DTS Inc. Settles Legal Matters With Zoran Corporation
DTS Inc. announced that it has settled all of its outstanding legal matters with Zoran Corporation. As a result, Zoran Corporation has entered into a new DTS Inc. license agreement for DTS technologies required for both DVD-Video and Blu-ray products, including DTS-HD Master Audio.
Zoran Corporation Issues Q2 2009 Outlook Above Analysts' Estimates
Zoran Corporation announced that for the second quarter 2009, it expects revenues to range between $85 million and $90 million, loss in the range of $0.25 to $0.30 per share. On a non-GAAP basis, which excludes acquisition-related amortization costs and stock-based compensation expense, the Company expects to record a loss in the range of $0.20 and $0.24 per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $64 million, GAAP EPS of $(0.44) and non-GAAP EPS of $(0.35) for the same period.
Zoran Corporation's Quatro 4230 Processor Deployed In Konica Minolta's Magicolor 1650EN Printer
Zoran Corporation announced that its fully programmable Quatro 4230 processor is powering Konica Minolta's new magicolor 1650EN desktop color laser printer.
