Silicon Image, Inc. (NASDAQ:SIMG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.42%.
Silicon Image, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 12.73% to $62 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Silicon Image, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $60.16 million.
Quoting Management: “We are pleased with our first quarter performance,” said Camillo Martino, chief executive officer of Silicon Image, Inc. “Revenue exceeded our expectations and bottom line growth showed significant improvement. Our mobile business is up more than 50% year-on-year and 11% over last quarter. In the first quarter, we built a solid foundation to achieve our financial goals for 2013.”
Key Stats (on next page)…
Revenue increased 4.03% from $59.6 million in the previous quarter. EPS decreased 50% from $0.08 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.07 and has not changed. For the current year, the average estimate is a profit of $0.31, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)