Stock Track | Silicon Motion Technology Plunges 13.46% After Hours on Mixed Q4 Earnings

Stock Track

Feb 06, 2025

Silicon Motion Technology Corp. (SIMO) shares plummeted 13.46% in after-hours trading on Wednesday, after the chipmaker reported mixed fourth-quarter results.

The Hong Kong-based company reported Q4 earnings of $0.91 per share, beating the Zacks consensus estimate of $0.84. However, revenue for the quarter came in at $191.2 million, falling short of analysts' expectations of $195.6 million.

For the full year 2024, Silicon Motion posted a profit of $90.7 million, or $2.69 per share, on revenue of $803.6 million. While the earnings beat suggests strong profitability, the disappointing top-line performance likely raised concerns about the company's growth prospects amid macroeconomic headwinds and supply chain challenges facing the semiconductor industry.

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(SIMO) shares plummeted 13.46% in after-hours trading on Wednesday, after the chipmaker reported mixed fourth-quarter results.</p>\n\n<p>The Hong Kong-based company reported Q4 earnings of $0.91 per share, beating the Zacks consensus estimate of $0.84. However, revenue for the quarter came in at $191.2 million, falling short of analysts' expectations of $195.6 million.</p>\n\n<p>For the full year 2024, Silicon Motion posted a profit of $90.7 million, or $2.69 per share, on revenue of $803.6 million. While the earnings beat suggests strong profitability, the disappointing top-line performance likely raised concerns about the company's growth prospects amid macroeconomic headwinds and supply chain challenges facing the semiconductor industry.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SIMO","symbol_name":"慧荣科技","start_time":0,"source_url":"","article_id":"1167626316","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167626316","pubTimestamp":1738799185,"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":"Silicon Motion Technology Corp.  shares plummeted 13.46% in after-hours trading on Wednesday, after the chipmaker reported mixed fourth-quarter results.The Hong Kong-based company reported Q4 earnings of $0.91 per share, beating the Zacks consensus estimate of $0.84. 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