Shares of Silicon Image (SIMG) are up 70 cents, or 16%, at $5.25, after the company this afternoon comfortably beat Q3 revenue projections and blew away the Street’s EPS estimate. The company also guided Q4 revenue above expectations.
Q3 revenue was 63%, year over year, at $60.5 million, beating the average $49 million estimate, yielding profit per share, excluding some costs, of 18 cents, a full 13 cents better than expected.
For the current quarter, SIMG sees revenue of $46 million to $48 million, versus an average estimate of $45 million. The company projects gross profit in the quarter of 55% to 56%.
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