Silicon Motion Technology (SIMO) Tops Q1 EPS by 4c

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Go back to Silicon Motion Technology (SIMO) Tops Q1 EPS by 4c

Silicon Motion Announces Results for the Period Ended March 31, 2015

April 27, 2015 6:00 PM EDT

First Quarter 2015

Financial Highlights

Net sales increased to US$80.6 million from US$80.5 million in 4Q14 Gross margin (non-GAAP1) decreased to 52.0% from 52.5% in 4Q14 Operating expenses (non-GAAP) increased to US$22.5 million from US$21.4 million in 4Q14 Operating margin (non-GAAP) decreased to 24.1% from 26.0% in 4Q14 Diluted earnings per ADS (non-GAAP) decreased to US$0.48 from US$0.53 in 4Q14

Business Highlights

Announced the agreement to acquire Shannon Systems, China's leading enterprise-class PCIe SSD and storage array solutions provider SSD controller sales doubled... More