Silicon Motion Technology Q2 2024 Adj. EPS $0.96 Beats $0.95 Estimate, Sales $210.670M Beat $206.746M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Motion Technology (NASDAQ:SIMO) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.95. Sales were $210.670M, surpassing the $206.746M estimate and marking a 50.09% increase from the same period last year.
August 01, 2024 | 10:04 pm
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Silicon Motion Technology reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.95. Sales were $210.670M, surpassing the $206.746M estimate and marking a 50.09% increase from the same period last year.
The company's earnings and sales both exceeded analyst estimates, and the significant year-over-year sales growth of 50.09% is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100