U.S. Markets open in 1 hr 23 mins

GSI Technology reports 1Q loss

SUNNYVALE, Calif. (AP) _ GSI Technology Inc. (GSIT) on Thursday reported a fiscal first-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier.

The Sunnyvale, California-based company said it had a loss of 7 cents per share.

The chipmaker posted revenue of $10.7 million in the period.

For the current quarter ending in October, GSI Technology said it expects revenue in the range of $10 million to $11 million.

GSI Technology shares have risen 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.93, a rise of 55 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSIT at https://www.zacks.com/ap/GSIT


Keywords: GSI Technology, Earnings Report