SUNNYVALE, Calif.--Silicon Storage Technology Inc. (SST) announced today that its revenue in the fourth quarter is expected to increase 22 to 25 percent from the third quarter, versus previous guidance of an increase of 15 to 20 percent.
The better than previously expected revenue is the result of average selling price improvement, increased product shipment and licensing income.Earning per share is expected to be between $0.05 and $0.07, versus previous guidance of between $0.01 and $0.03.
"The recovery of our business that began in the third quarter has continued its momentum so far this quarter," said Bing Yeh, president and CEO, in a statement. "Product shipments and booking activities have been very strong. Due to the extended lead-time of our high-demand products, we expect further improvement in our average selling price."