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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 49.78-0.6%Jan 21 3:59 PM EST

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From: Elroy10/7/2019 8:11:17 AM
1 Recommendation

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Sr K

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The first SIMO beat in about 2.5 years.....

Silicon Motion Technology Corporation ( SIMO)(“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, revenue (non-GAAP) is expected to be within 5% above the high-end of the original guidance range of $104 million to $108 million that the company issued on July 31, 2019. Gross margin (non-GAAP) is expected to be near the high-end of the company's original guidance range of 48.0% to 50.0%.

The Company will release its third quarter 2019 financial results after the market closes on October 29, 2019 and will host a conference call on October 30 at 8:00 a.m. Eastern Time.

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Man, what a change. Happy about them delivering $113m in revenues. Sigh......miss the Glory Days.
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