May 27, 2010 / 9:22 PM / 9 years ago

UPDATE 1-OmniVision Q4 tops Street, sees Q1 rev above estimates

* Q4 adj EPS $0.18 vs est $0.17

* Q4 rev $157.2 mln vs est $154.59 mln

* Sees Q1 rev $190 mln-$210 mln vs est. $170.85 mln

* Shares up 10 pct in extended trade

May 27 (Reuters) - OmniVision Technologies Inc OVTI.O, which makes semiconductor image sensor devices, swung to a fourth-quarter profit as revenue jumped 76 percent, and forecast first-quarter revenue ahead of Wall Street expectations, sending its shares up 10 percent after the bell.

The chipmaker forecast first-quarter revenue of $190 million to $210 million, above analysts’ estimates of $170.85 million, according to Thomson Reuters I/B/E/S. [ID:nASA00EQI]

The fabless semiconductor company designs analog and digital single-chip image sensors that capture and convert images for cameras, surveillance systems, games, and videophones.

Omnivision posted fourth-quarter net income of $3.5 million, or 7 cents a share, compared with a net loss $20.1 million, or 40 cents a share, a year ago.

Excluding items, the company earned 18 cents a share.

Revenue jumped 76 percent to $157.2 million.

Analysts were looking for earnings of 17 cents a share, on revenue of $154.59 million.

Shares of Santa Clara, California-based OmniVision were trading up 10 percent at $19.98 in extended trade. They closed at $18.22 Thursday on Nasdaq. (Reporting by Mansi Dutta in Bangalore; Editing by Maju Samuel)

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