OVTI Drops 11%: Q3 View Well Below Estimates

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Shares of camera sensor maker OmniVision Technologies (OVTI) were halted this afternoon just before the company reportedfiscal Q2 revenue and earnings per share that topped estimates but issued a Q3 view well below expectations.]

Revenue in the three months ended in October fell to $217.9 million, yielding EPS of 48 cents a share. That was ahead of analysts’ $214.6 million and 32 cents.

However, for the current quarter, the company sees revenue in a range of $160 million to $180 million, and EPS of 5 cents to 17 cents. Analysts have been modeling $201 million and 26 cents.

The company will host a conference call with analysts to discuss the results at 5 pm, Eastern time, and you can check it out here.

Shares are set to resume trading any moment now.

Update: Shares have resumed and are now trading down $1.27, or 11%, at $9.92.

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