Silicon Motion Technology Sees Q4 Sales $191.000M-202.000M vs $208.21M Est
Portfolio Pulse from Benzinga Newsdesk
Silicon Motion Technology has projected its Q4 sales to be between $191 million and $202 million, which is below the market estimate of $208.21 million.
October 30, 2024 | 10:09 pm
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NEGATIVE IMPACT
Silicon Motion Technology's Q4 sales forecast of $191M-$202M is below the market estimate of $208.21M, indicating potential revenue challenges.
The company's sales forecast is below market expectations, which could lead to negative sentiment among investors and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100