Spansion Q4 Misses Estimates
Spansion has reported Q4 results that fell short of the market's expectations. The company posted net sales on a non-GAAP basis of $224 million for the quarter, and net profit of just under $22 million (diluted $0.34 per share). The former was slightly better than in the same period of 2011. In Q4 2011, Spansion reported a net loss of nearly $41 million.
The most recent numbers didn't please the market; the average analyst expectation for revenue was $234 million, and for EPS, $0.36.
In its earnings release, Spansion provided guidance for its current quarter. It anticipates posting net sales of $180 million to $205 million, and an EPS ranging from a loss of $0.05 to a profit of $0.06.
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