Silicon Motion Technology Q3 2024 Adj. EPS $0.92 Beats $0.85 Estimate, Sales $212.412M Beat $209.470M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Motion Technology (NASDAQ:SIMO) reported Q3 2024 earnings per share of $0.92, surpassing the analyst estimate of $0.85. The company's sales reached $212.412 million, exceeding the expected $209.470 million and marking a 23.26% increase from the previous year.
October 30, 2024 | 10:03 pm
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Silicon Motion Technology's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.92 and sales at $212.412 million, showing strong year-over-year growth.
The company's earnings per share and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100