SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 78.73-0.4%Jan 28 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Elroy4/9/2019 8:45:06 AM
2 Recommendations

Recommended By
franklin1
Sr K

   of 2458
 
Silicon Motion Announces Preliminary First Quarter 2019 Revenue and Earnings Conference Call Details



TAIPEI, Taiwan and MILPITAS, Calif., April 09, 2019 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary first quarter financial results, revenue is expected to be within 5% below the low-end of the original guidance range of $97.5 million to $103.6 million that the company issued on January 30, 2019. Gross margin (non-GAAP) is expected to be within 50 basis points above the high-end of the company's original guidance range of 47.0% to 50.0%.

---

Stinks! But we knew this quarter stunk. Future is the key.

Strange to have weak sales and above average gross margins. Perhaps controller sales were strong, but eMMC was weak as they were supposed to be dumping old low gross margin eMMC in the Q.

With those results, I think we get

$94m sales
$47.5m gross margins
$33.5m operating expense
$14m operating profit
$12m net profit

34m shares out,

So.......~34 cents EPS? Not too good......
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext