SiTime Q1 2024 Adj EPS $(0.08) Beats $(0.15) Estimate, Sales $33.022M Beat $32.025M Estimate
Portfolio Pulse from Benzinga Newsdesk
SiTime (NASDAQ:SITM) reported Q1 2024 adjusted EPS of $(0.08), surpassing the $(0.15) estimate, with sales of $33.022M exceeding the $32.025M forecast. This represents a 13.88% decrease in sales compared to the same period last year.
May 08, 2024 | 8:13 pm
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POSITIVE IMPACT
SiTime reported a better-than-expected Q1 2024 EPS and sales, beating estimates despite a year-over-year sales decline.
Beating both EPS and sales estimates typically leads to positive investor sentiment, potentially boosting SITM's stock price in the short term. However, the year-over-year sales decline might temper some of the positive impact.
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