Trident Microsystems (TRID) Angers The Earnings Spirits
Shares in Trident Microsystems (TRID) are off 30% to $8.65 on week earnings. The provider of digital TV technology for the consumer digital video marketplace, announced for the first fiscal quarter of 2008, ended September 30, 2007, net revenues of…
Shares in Trident Microsystems (TRID) are off 30% to $8.65 on week earnings.
The provider of digital TV technology for the consumer digital video marketplace, announced for the first fiscal quarter of 2008, ended September 30, 2007, net revenues of $88,174,000, a 24% year-over-year increase from the $71,363,000 reported in the quarter ended September 30, 2006.
Analysts on average had forecast revenue of $90.2 million, according to Reuters Estimates
Net income of $10,059,000 was recorded in the first quarter ended September 30, 2007, on a generally accepted accounting principles ("GAAP") basis, or $0.16 per share on a diluted basis, This compares to net income of $10,513,000 in the quarter ended September 30, 2006, on a GAAP basis, or $0.17 per share on a diluted basis,
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