|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
$47.5m gross margins
$33.5m operating expense
$14m operating profit
$12m net profit
34m shares out,
So.......~34 cents EPS? Not too good......