O2Micro Rises on Upbeat Revenue Guidance

Shares of O2Micro International Ltd. (OIIM) remain in positive territory by more than 8% today, after announcing that second-quarter revenue would be ahead of its earlier projections.

Thanks to a strong demand for LCD televisions, new products and a promising market in China, the company expects revenue to be approximately $34 million in the second quarter. It previously saw revenue of $26.6 million to $28.9 million.

The new guidance represents a 47% sequential increase from the first quarter.

For the current quarter, the average forecast is pegged at a loss of 7 cents per share, which narrowed by a penny in the last week. During this period, 1 analyst out of 5 raised expectations while one reduced.

The full-year consensus stands at a loss of 21 cents per share, which has narrowed by 3 cents in the past 7 days.

This Zacks #1 Rank ("Strong Buy") company is moving on higher-than-normal volume of 480,000 shares, versus the daily average of 109,473.

OIIM is also featured as today's Zacks #1 Rank Top Performer.

Read the full analyst report on OIIM