SiTime Q2 2024 Adj. EPS $0.12 Beats $0.04 Estimate, Sales $43.866M Beat $41.005M Estimate
Portfolio Pulse from Benzinga Newsdesk
SiTime (NASDAQ:SITM) reported Q2 2024 adjusted EPS of $0.12, beating the $0.04 estimate by 200%. Sales were $43.866M, surpassing the $41.005M estimate by 6.98% and marking a 58.20% increase from the same period last year.
August 07, 2024 | 9:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SiTime (NASDAQ:SITM) reported strong Q2 2024 results with EPS of $0.12 beating estimates by 200% and sales of $43.866M surpassing estimates by 6.98%. Sales increased by 58.20% YoY.
SiTime's strong earnings and revenue performance, significantly beating analyst estimates and showing substantial year-over-year growth, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100