Tuesday, July 12, 2011

$NVLS Like $MCHP;Bad Outlook. $33.45 Possible.

"He said the company is reducing its third-quarter shipments estimate to a range of $300 million to $340 million, down 5 percent to 7 percent from the second quarter. Revenue is now expected in the range of $300 million to $340 million, down 3 percent to 14 percent. Analysts been forecasting $359.7 million.
He placed the earnings estimate at 60 cents to 75 cents per share. Analysts had been expecting 87 cents."
AP




Like $MCHP carefull 10% short interest.

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