SiTime Q2 Adj EPS $(0.22) Beats $(0.29) Estimate, Sales $27.73M Beat $26.51M Estimate
Portfolio Pulse from totan@benzinga.com
SiTime reported Q2 losses of $0.22 per share, beating the analyst consensus estimate of $0.29 by 24.14%. The company's quarterly sales of $27.73 million also beat the analyst consensus estimate of $26.51 million by 4.59%. However, this represents a significant decrease from the same period last year, with earnings down 119.82% and sales down 65.09%.
August 04, 2023 | 12:14 pm
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SiTime's Q2 results exceeded analyst estimates, but showed a significant decrease from the same period last year.
While SiTime's Q2 results beat analyst estimates, the significant decrease from the same period last year could potentially offset any positive impact. The market's reaction will likely depend on whether investors focus more on the beat or the YoY decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100