Stock Track | SiTime Corp Soars 5.43% as Revenue Growth Outpaces Expectations

Stock Track

Feb 07, 2025

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.

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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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SITM","symbol_name":"SiTime Corp","start_time":0,"source_url":"","article_id":"1141461520","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141461520","pubTimestamp":1738939156,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SiTime Corp  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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SITM":"SiTime Corp"},"translate_title":"由于收入增长超出预期，SiTime Corp股价飙升5.43%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITM":1},"content_text":"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.\nThe 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%. 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