Ramtron International Corp. (RMTR) Reports Better than Expected Second Quarter Results, Raises FY08 Revenue Guidance
Ramtron International Corp. (RMTR), a leading developer of non-volatile ferroelectric random access memory (F-RAM) and microcontrollers for a wide range of markets, reported better than expected second quarter results this afternoon. Revenues increased 27% year-over-year to $15.5 million vs. analysts’ estimates of $15.3 million. Net income more than tripled to $779,000, or $0.03 per diluted share, compared to $248,000, or $0.01 per share a year ago. Excluding stock-based compensation expense and a one-time income tax provision, net income would have been $1.8 million, or $0.06 per share. Analysts surveyed expected non-GAAP net income of $0.05 per share. “Solid execution of…