Investing.com - Silicon Motion reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Silicon Motion announced earnings per share of $0.86 on revenue of $143.9M. Analysts polled by Investing.com anticipated EPS of $0.738 on revenue of $139.3M (NYSE:MMM).
Silicon Motion shares are up 8.95% from the beginning of the year and are trading at $52.46 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.6% from the start of the year.
Silicon Motion follows other major Technology sector earnings this month
Silicon Motion's report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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