The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Silicon Image met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded to zero.
Gross margins dropped, operating margins shrank, net margins grew.
Silicon Image tallied revenue of $59.6 million. The six analysts polled by S&P Capital IQ predicted a top line of $59.5 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $58.7 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 $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.03 per share. GAAP EPS contracted to zero from the prior-year quarter's -$0.12.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.1%, 1,180 basis points worse than the prior-year quarter. Operating margin was 1.0%, 710 basis points worse than the prior-year quarter. Net margin was -0.4%, 1,700 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $61.8 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $293.3 million. The average EPS estimate is $0.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 690 members out of 725 rating the stock outperform, and 35 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give Silicon Image a green thumbs-up, and nine 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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