SiTime Q4 Adj $0.24 Beats $0.20 Estimate, Sales $42.40M Beat $41.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
SiTime (NASDAQ:SITM) reported Q4 earnings of $0.24 per share, surpassing the $0.20 estimate, and sales of $42.40M, exceeding the $41.73M estimate. However, this reflects a 62.5% decrease in earnings and a 30.30% decrease in sales from the same period last year.
February 13, 2024 | 9:11 pm
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SiTime reported higher-than-expected Q4 earnings and sales, but with significant decreases from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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