SMART Modular Technologies (SMOD)

[eastunder]

SMOD: Q2 EPS 8c vs 23c EPS -65% Y/Y; Guidance Comments

Thursday , March 24, 2011 16:12ET

QUARTER RESULTS
Smart Modular Technologies, Incorporated (SMOD) reported Q2 results ended February 2011. Q2 Revenues were $170.50M; +6.49% vs yr-ago. Q2 EPS was 8c; -65.22% vs yr-ago.

Q2 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $170.50M      $160.11M      +6.49%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  8c           23c     -65.22%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

GUIDANCE

Q3-11 Revenue Outlook [$160 - $180M]: SMOD expects Q3 2011 revenues of $160 to $180 million.
Q3-11 Earnings Outlook [9c - 12c]: SMOD expects Q3 2011 diluted EPS of $0.09 to $0.12.