Spansion Q4 Misses Estimates

Spansion has reported Q4 results that fell short of the market's expectations. The company posted net sales on a non-GAAP basis of $224 million for the quarter, and net profit of just under $22 million (diluted $0.34 per share). The former was slightly better than in the same period of 2011. In Q4 2011, Spansion reported a net loss of nearly $41 million.

The most recent numbers didn't please the market; the average analyst expectation for revenue was $234 million, and for EPS, $0.36.

In its earnings release, Spansion provided guidance for its current quarter. It anticipates posting net sales of $180 million to $205 million, and an EPS ranging from a loss of $0.05 to a profit of $0.06.

The article Spansion Q4 Misses Estimates originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Spansion. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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