Silicon Motion Technology (SIMO) Tops Q3 EPS by 13c
Get Alerts SIMO Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nanometrics (NANO) Issues Business Update, Reports FY23 Results
- Universal Health Realty (UHT) Reports Q1 EPS of $0.38
- QuantumScape (QS) Misses Q1 EPS by 1c
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!