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What: Silicon Image
So what: Non-GAAP EPS of $0.03 beat the consensus estimate of $0.01 and compares favorably with a loss of $0.05 in the year-ago quarter. GAAP EPS was a loss of $0.01, an improvement from a loss of $0.10 in the year-ago quarter.
Now what: Revenue grew an impressive 43% year-over-year, helped by successes in components for smartphones and tablets. Guidance for the current quarter suggests non-GAAP EPS will come in at about $0.04, in line with the consensus estimate. Needham upgraded the stock from hold to buy.
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