SMART Modular Technologies Reports Diluted GAAP EPS of $0.03

Shares of SMART Modular Technologies SMOD are trading flat in the after-hours following the release of the company's Q3 earnings results. Currently, shares are bid $9.18, at $9.19; they closed the regular session higher by 0.44%, at $9.20. SMART Modular Technologies reported Q3 EPS of $0.10 on revenues of $164.5 million. On a non-GAAP basis, net income was $7.1 million or $0.10 per diluted share for the third quarter of fiscal 2011, compared to $5.2 million or $0.08 per diluted share for the second quarter of fiscal 2011, and net income of $17.3 million or $0.26 per diluted share for the third quarter of fiscal 2010. SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, enterprise, industrial, networking, gaming, telecommunications, defense, aerospace and embedded application markets.