Image sensor maker, OmniVision Technologies Inc. (NASDAQ: OVTI) reported better-than-expected fiscal fourth quarter results on Thursday as solid revenue growth offset contraction in margins. The Company also offered very optimistic guidance for the fiscal first quarter.
Continue reading OmniVision Tops Q4 Estimates, Provides Upbeat Q1 Guidance (OVTI)
Shares of Palo Alto Networks Inc. (NYSE: PANW) plunged about 9.50% by midday trade. The network security solutions provider said on Thursday that it swung into fiscal third quarter loss. Higher operating expenses and income tax provision dented the bottom line even as revenue fell short of analysts’ expectation. Continue reading Major Movers on May 31; PANW, GES, KKD, LGF, OVTI
Shares of OmniVision Technologies Inc. (NASDAQ: OVTI), a developer and marketer of integrated and semiconductor image-sensor devices, have risen sharply before the opening bell.