Silicon Motion Technology (SIMO) Boosts Q3 Expectations
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Silicon Motion Technology Corporation (Nasdaq: SIMO announces that based upon its preliminary third quarter financial results, sequential revenue growth is expected to be 11% to 13%, significantly higher than its original guidance range of an increase of 0% to 5% that the company issued on July 22, 2016. Gross margin (non-GAAP) is expected to be in the 48% to 49% range, above the company's original guidance range of 46% to 48%.
The Company will release its full third quarter 2016 results after the market closes on October 27, 2016. The Company will host a conference call on October 28, at 8 am Eastern Time, to discuss its results.
(Speakers) Wallace Kou, President & CEORiyadh Lai, CFO Jason Tsai, Senior Director of Investor Relations & Strategy
CONFERENCE CALL ACCESS NUMBERS: | ||||
USA (Toll Free): | 1 866 519 4004 | |||
USA (Toll): | 1 845 675 0437 | |||
Taiwan (Toll Free) | 0080 112 6920 | |||
Participant Passcode: | 9414 5523 | |||
REPLAY NUMBERS (for 7 days): | ||||
USA (Toll Free): | 1 855 452 5696 | |||
USA (Toll): | 1 646 254 3697 | |||
Participant Passcode: | 9414 5523 | |||
This call will be webcasted on the Company’s website at www.siliconmotion.com. The webcast will also be distributed through the Thomson Reuters StreetEvents Network to both institutional and individual investors.
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