Integrated Silicon Solutions (ISSI) shares are up sharply in late trading after the company posted better-than-expected results for its fiscal second quarter ended March 31.
For the quarter, the chip producer posted revenue of $57 million and profits of 27 cents a share; the Street had expected $55.4 million and 22 cents.
Even better: for the June quarter, ISSI sees revenue of $64 million to $70 million and EPS of 44-50 cents, well ahead of the Street consensus of $57.7 million and 24 cents.
Ergo, in late trading, ISSI is up $1.28, or 11.9%, to $12.
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