Benzinga | Jul 29, 2020 06:02PM EDT

Silicon Motion Technology Q2 Adj. EPS $0.81 Beats $0.74 Estimate, Sales $136.80M Miss $137.00M Estimate

Silicon Motion Technology (NASDAQ:SIMO) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.74 by 9.46 percent. This is a 55.77 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $136.80 million which missed the analyst consensus estimate of $137.00 million by 0.15 percent. This is a 38.40 percent increase over sales of $98.85 million the same period last year.