SiTime: Fourth Quarter Financial Highlights
SiTime Corporation Surpasses Q4 Earnings Expectations
SiTime Corporation, headquartered in Santa Clara, California, announced a net profit of $9.2 million for the fourth quarter.
The company reported earnings of 34 cents per share. After adjusting for expenses related to stock options and amortization, adjusted earnings reached $1.53 per share.
These figures outperformed analysts’ predictions. According to Zacks Investment Research, the consensus estimate among three analysts was $1.20 per share.
SiTime also reported quarterly revenue of $113.3 million, exceeding the anticipated $101.5 million projected by analysts surveyed by Zacks.
Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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