Trident First-Quarter ’09 Guidance Misses by a Mile
Trident Microsystems (TRID) this afternoon warned that results for its fiscal first quarter ending September and for all of the June 2009 fiscal year would come in well short of Street expectations. “Fiscal 2009 will a year of investment,” CEO Sylvia Summers said in a statement. “Our financial results will be impacted by the combination of the difficult macroeconomic environment and the evolving market for our new products.”
For FY Q4, the company posted revenue of $39.5 million and non-GAAP EPS of 11 cents, which actually beat the Street at $39.2 million and 3 cents.