Silicon Motion Technology Corp. (SIMO) Tops Q3 EPS by 17c; Guides Q4, FY11 Revs Growth

November 1, 2011 6:02 PM EDT
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Price: $87.28 -2.95%

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Silicon Motion Technology Corp. (NASDAQ: SIMO) reported Q3 EPS of $0.40, $0.17 better than the analyst estimate of $0.23. Revenue for the quarter came in at $63.2 million versus the consensus estimate of $50.29 million.

Sees Q4 revenue to be flat to down 10% sequentially.

Sees FY11 revenue to be up 61% to 66% compared with full year 2010.

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