OmniVision (OVTI) Soars as Much as 27 Percent

Shares of OmniVision Technologies (OVTI) soared 27%, the most intraday since February 2004, after the company’s third quarter profits blew past estimates. The maker of image sensors for camera phones reported an adjusted EPS of $0.84, a full 26 cents better than expected. For the current quarter the company forecast revenue well ahead of estimates, in [...]