GSI Technology (NASDAQ:GSIT) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03), Briefing.com reports. GSI Technology had a negative net margin of 10.08% and a negative return on equity of 4.93%. The firm had revenue of $11.12 million for the quarter, compared to the consensus estimate of $10.50 million. During the same period last year, the company posted $0.02 earnings per share. GSI Technology’s revenue for the quarter was down 3.1% on a year-over-year basis.
GSI Technology (GSIT) opened at $8.65 on Friday. GSI Technology has a twelve month low of $5.58 and a twelve month high of $9.68.
Separately, Needham & Company LLC reissued a “hold” rating on shares of GSI Technology in a report on Thursday, October 26th.
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About GSI Technology
GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.
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