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OmniVision Technologies Inc. (OVTI) Is Rising On Q3 Results

OmniVision Technologies Inc. (OVTI) reported third quarter non-GAAP net income of $0.13 per share after the close Thursday, down from $0.84 per share in the previous year. The consensus estimate was for EPS of $0.13. Fourth quarter non-GAAP EPS is expected to be between $0.15 and $0.28, which is above the consensus estimate of $0.10. The stock is now up 2.14 on 305K shares.

OmniVision Technologies traded in a range for the bulk of Thursday's session and closed up by 0.02 at $16.08. The stock finished near the lower end of a 3-week range.

by RTTNews Staff Writer

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