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Silicon Motion Sees Q2 Revenue To Be Near Midpoint Of Original Guidance Range


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(RTTNews.com) - Silicon Motion Technology Corp. (SIMO) said that it expects revenue for the second quarter to be near the midpoint of the original guidance range of $134.3 million to $140.8 million.

Analysts polled by Thomson Reuters expect the company to report revenues of $138.24 million for the second-quarter. Analysts' estimates typically exclude special items.

Gross margin (non-GAAP) is also expected to be near the midpoint of the company's original guidance range of 46.5% to 48.5%.

The company said it will release its second quarter 2018 financial results after the market closes on July 31, 2018.


Read the original article on RTTNews (http://www.rttnews.com/2911487/silicon-motion-sees-q2-revenue-to-be-near-midpoint-of-original-guidance-range.aspx)


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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings


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