Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Standard Microsystems
So what: Non-GAAP EPS of $0.47 beat the consensus estimate of $0.28 and grew 42% year over year. GAAP EPS, which includes one-time items, was $0.26, up from $0.03 a year earlier.
Now what: Earnings benefited from higher revenue and lower SG&A costs. An acquisition that contributed to the revenue increase should have a larger impact in the current quarter. Management expects revenue of $112 million to $114 million, up from $103.5 million last quarter, and non-GAAP EPS of $0.36 to $0.38.
Interested in more info on SMSC? Add it to your watchlist by clicking here.
Fool contributor Cindy Johnson does not own shares of any company named above. 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.