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Stock Market & Financial Investment News

News Breaks
February 4, 2013
18:04 EDTSIMOSilicon Motion sees FY13 revenue up 10%-20% over FY12
Company said "For FY13 we believe we are well positioned to grow our revenue 10% to 20% led by our New Growth Products. In the first quarter, we expect our eMMC controller sales to grow sequentially and LTE sales to decrease as Samsung's flagship smartphone and tablet models are in transition. Additionally, while our sales of card and USB flash drive controllers to module maker customers will be seasonally down as expected, our large OEM customer is rebalancing its card and wafer sales, and this will negatively affect our sales temporarily in the Q1. In the Q2 we expect our eMMC controller sales to continue growing, our LTE sales to pick-up, and our card and USB flash drive sales to rebound." For the FY13 management expects: revenue to be up 10%-20% compared with FY12; gross margin non-GAAP to be the 46%-48% and operating expenses, non-GAAP, approximately $73M-$78M.
News For SIMO From The Last 14 Days
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July 29, 2014
10:01 EDTSIMOSilicon Motion downgraded to Hold from Buy at Standpoint Research
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09:17 EDTSIMOOn The Fly: Pre-market Movers
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July 28, 2014
18:04 EDTSIMOSilicon Motion sees FY14 revenue up 22%-27% YoY, consensus $262.85M
Sees FY14 adjusted gross margin in the 49.5%-51.5% range.
18:03 EDTSIMOSilicon Motion sees Q3 revenue up 15%-20% sequentially, consensus $71.65M
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18:01 EDTSIMOSilicon Motion reports Q2 adjusted EPS 41c, consensus 34c
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