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Cirrus Logic Inc. Message Board

  • wobatus wobatus Feb 28, 2013 10:50 AM Flag

    OVTI reports tonight

    Somewhat of a read for AAPL suppliers, although not as tied in as CRUS. OVTI reports a month after CRUS, SWKS etc. so a little further out into the calendar year read both in results and guidance.

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    • lol they are getting hammered for the same reasons...

      Beat this quarter but guidance lower then the street wanted for this quarter. The explanation have been given a ton of times but the market doesnt care.

      Apple pulled business that was expected for this quarter into last quarter therefore everyone beat this quarter and came in the same amount light next quarter...

      Fickle

      • 2 Replies to tavisman01
      • The analysts actually had to raise their estimates massively after OVTI gave guidance after their prior quarter. That's the only reason they were even close, and the only reason next quarter's estimates were so high. 3 month's ago their estimates for next quarter were much lower. Added together, OVTI's January and April quarters in 2013, even at the low end of guidance, are up 55% year over the same 2 quarters in 2012. The analysts are upset because they look incompetent.

      • I agree with you for the most part, however Crus had 25 million pulled into last qtr and would have been spot on estimates for this qtr. Omnivision beat estimates by 10-11 million, but if you add this amount to the high end of their guidance they still would only be around 341 million against estimates for 371 million about 30 million below. So I can see why they are getting killed but not so much us.

 
CRUS
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