GigaMedia Limited Third Quarter Earnings Sneak Peek

GigaMedia Limited (NASDAQ:GIGM) will unveil its latest earnings on Monday, November 26, 2012. GigaMedia is a provider of gaming software and services to the online gaming industry, and an operator of online games in Greater China, including the PRC, Taiwan, Hong Kong and Macau.

GigaMedia Limited Earnings Preview Cheat Sheet

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Wall St. Revenue Expectations: Analysts are projecting a decline of 81.6% in revenue from the year-earlier quarter to $7.4 million.

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $3.5 million (7 cents a share) from a loss of $7 million (12 cents) a year earlier. Revenue fell 19% to $7.1 million from $8.8 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 19.3% in the first quarter and dropped again in the second quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.4 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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