Silicon Motion's Q3 Earnings Beat Estimates on Solid Revenue Growth
Silicon Motion(SIMO) ZACKS·2024-10-31 19:05
Silicon Motion Technology Corporation (SIMO) reported solid third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The leading merchant supplier of client SSD (Solid State Drive) controllers witnessed top-line growth driven by healthy demand trends.SIMO’s Net IncomeOn a GAAP basis, net income was $20.8 million or 62 cents per American depositary share (ADS) compared with $10.6 mill ...