Shares of O2Micro International Ltd. (OIIM) remain in positive territory by more than 8% today, after announcing that second-quarter revenue would be ahead of its earlier projections.
Thanks to a strong demand for LCD televisions, new products and a promising market in China, the company expects revenue to be approximately $34 million in the second quarter. It previously saw revenue of $26.6 million to $28.9 million.
The new guidance represents a 47% sequential increase from the first quarter.
For the current quarter, the average forecast is pegged at a loss of 7 cents per share, which narrowed by a penny in the last week. During this period, 1 analyst out of 5 raised expectations while one reduced.
The full-year consensus stands at a loss of 21 cents per share, which has narrowed by 3 cents in the past 7 days.
This Zacks #1 Rank (“Strong Buy”) company is moving on higher-than-normal volume of 480,000 shares, versus the daily average of 109,473.
OIIM is also featured as today’s Zacks #1 Rank Top Performer.
“OIIM” Free Stock Analysis: Buy? Sell? Hold?
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