Siliconware Precision Industries Increases Sales but Misses Estimates on Earnings

Siliconware Precision Industries (Nasdaq: SPIL  ) reported earnings on July 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Siliconware Precision Industries met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased.

Margins grew across the board.

Revenue details
Siliconware Precision Industries recorded revenue of $554.3 million. The 17 analysts polled by S&P Capital IQ hoped for a top line of $559.3 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $510.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.08. The two earnings estimates compiled by S&P Capital IQ predicted $0.09 per share. GAAP EPS of $0.02 for Q2 were 100% higher than the prior-year quarter's $0.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 19.3%, 370 basis points better than the prior-year quarter. Operating margin was 11.4%, 310 basis points better than the prior-year quarter. Net margin was 8.9%, 130 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $587.9 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $2.23 billion. The average EPS estimate is $0.33.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 600 members out of 625 rating the stock outperform, and 25 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Siliconware Precision Industries a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Siliconware Precision Industries is outperform, with an average price target of $5.57.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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