SiTime: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SiTime (NASDAQ:SITM) reported Q4 earnings with an EPS of $0.24, beating estimates by 20.0% but with a revenue decrease of $18.44 million from the previous year. The company has a history of beating EPS estimates, which previously led to a share price increase.
February 13, 2024 | 9:15 pm
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SiTime reported a higher than expected Q4 EPS of $0.24, outperforming estimates by 20%, but saw a decrease in revenue compared to last year.
SiTime's beat on EPS estimates, similar to previous quarters, has historically led to a positive reaction in its stock price the following day. Although revenue was down, the consistent outperformance on EPS may continue to bolster investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100