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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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January 28, 2015
08:22 EDTSIMOSilicon Motion price target raised to $35 from $32 at Brean Capital
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January 26, 2015
18:13 EDTSIMOSilicon Motion reports Q4 adjusted gross margin 52.5%
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18:05 EDTSIMOSilicon Motion CEO sees Q1 'seasonally soft'
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18:04 EDTSIMOSilicon Motion sees FY15 revenue up 15%-25% y/y, consensus $350.36M
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18:03 EDTSIMOSilicon Motion sees Q1 revenue down 5%-0% sequentially, consensus $76.88M
Sees Q1 adjusted gross margin 50%-52%. Sees Q1 adjusted OpEx approximately $22M-$23M.
18:01 EDTSIMOSilicon Motion reports Q4 adjusted EPS 48c, consensus 47c
Reports Q4 revenue $80.5M, consensus $80.61M.

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