UPDATE 1-Zoran quarterly revenue misses Street; shares fall

* Q4 non-GAAP EPS $0.01 beats estimates

* Q4 rev misses estimates

* Q1 outlook beats estimates

* Shares fall 7 percent

Jan 25 (BestGrowthStock) – Chipmaker Zoran Corp (ZRAN.O: ) reported a
quarterly loss that beat estimates but posted
lower-than-expected revenue.

Zoran shares fell 7 percent to $11.00 in trading after the
bell. They closed at $11.76 Monday on Nasdaq.

The company — whose chips are used in digital televisions,
cameras, mobile phones, set-top boxes and printers — gave a
strong outlook for the first quarter.

Zoran’s fourth-quarter net loss fell to $2.9 million, or 6
cents a share, from $20.2 million, or 40 cents a share, a year
earlier. Excluding items, earnings were 1 cent a share.
[ID:nWNAB7923]

Revenue rose 25 percent to $93.3 million.

Analysts expected a net loss of 3 cents a share, excluding
exceptional items, on revenue of $94.4 million, according to
Thomson Reuters I/B/E/S.

For the first quarter, the company forecast a loss of 2
cents to 5 cents a share, excluding items, on revenue of $90
million to $94 million.

Analysts were looking for a loss of 9 cents a share,
excluding exceptional items, on revenue of $88.9 million.

Investment Tools

(Reporting by S. John Tilak in Bangalore; Editing by Jarshad
Kakkrakandy)

UPDATE 1-Zoran quarterly revenue misses Street; shares fall