The 10-second takeaway
For the quarter ended March 31 (Q1), Silicon Image beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share shrank.
Margins increased across the board.
Silicon Image reported revenue of $62.0 million. The six analysts polled by S&P Capital IQ predicted sales of $60.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $55.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.01. The six earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS were -$0.01 for Q1 versus -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.0%, 20 basis points better than the prior-year quarter. Operating margin was 1.2%, much better than the prior-year quarter. Net margin was -0.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $71.6 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $291.8 million. The average EPS estimate is $0.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 684 members out of 718 rating the stock outperform, and 34 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Silicon Image a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Image is buy, with an average price target of $7.67.
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