OmniVision Technologies Inc. (OVTI), Thursday reported third-quarter net income of $21.3 million or $0.40 per share, compared to $111 thousand breakeven per share last year
Adjusted net income improved to $31.5 million or $0.56 per share from $7.4 million or $0.13 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the third quarter grew to $423.5 million from $185.2 million last year. Analysts estimated revenues of $411.35 million for the quarter.
Looking forward to the fourth quarter, the company expects earnings in a ragne of breakeven per share to $0.15 per share, adjusted earnings of $0.14 to $0.29 per share and revenues of $300 million to $330 million. Analysts currently estimate earnings of $0.32 per share and revenues of $371.39million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.