SemiLEDs (LEDS $5.69 -0.51) reported third quarter GAAP ($0.19) per
share, $0.12 worse than the Capital IQ Consensus Estimate of ($0.07).
Revenues fell 43.4% year/year to $5.6 million versus the $6.3 million consensus.
GAAP gross margin for the third quarter of fiscal 2011 was 9%, compared with 51%
in the third quarter of fiscal 2010. Operating margin for the third quarter of
fiscal 2011 was negative 70%, compared with 36% in the third quarter of fiscal
2010.
Margins were negatively impacted by a charge of $1.1 million for the write-downs
of inventory.
For the fourth quarter, the company expects to see GAAP EPS of ($0.25)-(0.23)
vs. ($0.03) Capital IQ Consensus Estimate; sees fourth quarter revenues in the
range of $5.5 million to $6.5 million versus the $9.03 million Capital IQ
Consensus Estimate; with a negative GAAP gross margin.






