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Silicon Motion preliminary Q2 results below consensus; shares drop 8.6% premarket

  • Silicon Motion (NASDAQ:SIMO) announces preliminary Q2 results with revenue expected slightly below guidance of $134M to $140M. Consensus estimates put revenue at $136.32.
  • Gross margin expected at low end of guidance between 48.5% and 50.5%.
  • Silicon Motion shares are down 8.6% premarket.   

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Silicon Motion Technology Corporation