OmniVision Technologies (OVTI) reported first quarter non-GAAP net income of $0.21 per share after the close Thursday, compared to $0.76 per share last year. The consensus estimate was for EPS of $0.22. Second quarter non-GAAP EPS is expected to be between $0.21 and $0.37. The consensus estimate is for EPS of $0.33.
OmniVision Technologies has gapped open higher Friday and is now up 1.65 at $17.56 on above average volume. The stock has leaped to nearly a 4-month high.
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