SiTime Corp (NASDAQ: SITM) shares surged 5.43% in pre-market trading on Friday, following the company's announcement of its full-year 2024 financial results.
The semiconductor company reported revenue of $202.7 million for the fiscal year 2024, up 41% from the previous year and exceeding analyst estimates by 2%. While SiTime reported a net loss of $93.6 million, or $4.05 per share, missing analyst expectations by 5.7%, investors appear to be focusing on the company's robust revenue growth.
Looking ahead, SiTime forecasts revenue growth of 21% per annum on average during the next three years, outpacing the projected 17% growth for the broader US semiconductor industry. This positive outlook, coupled with the company's strong revenue performance in 2024, likely contributed to the stock's significant pre-market surge.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。