SiTime (SITM) shares rose 25.4% in recent Thursday trading after the company reported better-than-expected Q3 financial results.
The company reported Q3 adjusted earnings late Wednesday $0.87 per diluted share, up from $0.40 a year earlier.
Analysts polled by FactSet expected $0.71.
Revenue for the three months ended Sept. 30 was $83.6 million, up from $57.7 million a year earlier.
Analysts surveyed by FactSet expected $78.1 million.
Price: 350.42, Change: +71.35, Percent Change: +25.57
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments