Silicon Motion Technology (SIMO) Tops Q3 EPS by 13c

October 27, 2016 6:09 PM EDT
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Price: $87.94 +0.32%

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Silicon Motion Technology (NASDAQ: SIMO) reported Q3 EPS of $1.07, $0.13 better than the analyst estimate of $0.94. Revenue for the quarter came in at $158.6 million versus the consensus estimate of $149.16 million.

“Third quarter sales exceeded our original expectations due to continuing strong demand for our client SSD and eMMC controllers, especially from our NAND flash partners,” said Wallace Kou, President and CEO of Silicon Motion. “We are excited that our NAND flash partners have continued to grow their sales of SSDs to PC OEMs and eMMCs to smartphone OEMs. This has led to further expansion of our market shares in both client SSD controllers and eMMC controllers.”

For earnings history and earnings-related data on Silicon Motion Technology (SIMO) click here.

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