TAIPEI (dpa-AFX) - Silicon Motion Technology Corp. (SIMO) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $23.04 million, or $0.68 per share. This compares with $21.09 million, or $0.63 per share, last year.
Excluding items, Silicon Motion Technology Corp. reported adjusted earnings of $30.90 million or $0.91 per share for the period.
Analysts on average had expected the company to earn $0.84 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 5.5% to $191.160 million from $202.379 million last year.
Silicon Motion Technology Corp. earnings at a glance (GAAP) :
-Earnings: $23.04 Mln. vs. $21.09 Mln. last year. -EPS: $0.68 vs. $0.63 last year. -Revenue: $191.160 Mln vs. $202.379 Mln last year.
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