Reuters: Global Markets: Omnivision results beat estimates; shares rise

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Omnivision results beat estimates; shares rise May 30th 2013, 21:20 Thu May 30, 2013 5:20pm EDT (Reuters) - Image sensor maker OmniVision Technologies Inc (OVTI.O) reported fourth-quarter results that beat market estimates as demand for its products grew. Net income rose to $8.9 million, or 17 cents per share, from $2.6 million, or 5 cents per share, a year earlier. Revenue rose 54 percent to $336.2 million for the quarter ended April 30. Analysts on average had expected adjusted earnings of 21 cents per share on revenue of $318.9 million, according to Thomson Reuters I/B/E/S. OmniVision shares were up about 16 percent at $17.96 in after-market trade. They had closed at $15.49 on Thursday on the Nasdaq.

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