OmniVision posts second-quarter profit of $8.1M

AP News
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Posted: Nov 30, 2009 6:47 PM

OmniVision Technologies Inc., which makes chips for digital cameras and webcams, said Monday it moved to a profit in its fiscal second quarter as sales rose by 12 percent.

But the company's outlook for the current quarter left open the possibility it would fall short of analyst expectations, and its stock fell in after-hours trading.

The company also said it expects third-quarter profit in a range of 14 cents to 24 cents per share while analysts expect 20 cents per share.

The company, based in Santa Clara, earned $8.1 million, or 16 cents per share, in the quarter that ended Oct. 31. That compares to a loss of $5.3 million, or 10 cents per share, a year earlier.

Excluding one-time costs for stock-based compensation, the company's adjusted profit was 27 cents per share.

Analysts polled by Thomson Reuters expected 16 cents per share in profit. They typically exclude one-time costs.

Revenue rose 12 percent to $183.3 million from $163.9 million.

Shares fell 96 cents, or 7 percent, to $13.00 in after-hours trading Monday after closing at $13.96, up 4 percent from a day earlier.