Silicon Motion issues Q3 revenue warning, shares -1.8% premarket

Silicon Motion (SIMO) now expects its Q/Q Q3 revenue growth to be at the low end of a prior guidance range of -2.5% to +2.5%. However, gross margin is expected to be within the upper half of a prior guidance range of 47%-49%. The consensus is for revenue to grow 0.5% Q/Q to $58.6M. (PR)

No explanation is given for the revenue shortfall, which comes with shares trading near their highest levels since March. Q3 results arrive on Oct. 24.

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Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1573) | Send Message
    ... And the stock is still up 0.76% at the moment.
    4 Oct 2013, 11:40 AM Reply Like
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