Standard Microsystems (SMSC) 1Q FY'2012 Financial Results, Beats Estimates
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Standard Microsystems (SMSC) Reported its First Quarter of Fiscal Year 2012 Financial Results. Highlights include: Total revenue for the first quarter 2012 was $103.5 million, an increase of approximately 7 percent compared to the same period in the prior year; the company also reported Non-GAAP gross margin of 56.4 percent and Non-GAAP earnings per share of $0.47. Looking ahead to the second quarter of fiscal 2012, the Company expects Revenue in the range of $112 to $114 million.