TAIPEI (dpa-AFX) - Silicon Motion Technology Corp. (SIMO) revealed a profit for its fourth quarter that climbed from last year.
The company's profit totaled $17.30 million, or $0.48 per share. This compares with $9.82 million, or $0.27 per share, in last year's fourth quarter.
Excluding items, Silicon Motion Technology Corp. reported adjusted earnings of $30.20 million or $0.83 per share for the period.
Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.4% to $123.39 million from $136.16 million last year.
Silicon Motion Technology Corp. earnings at a glance:
-Earnings (Q4): $30.20 Mln. vs. $28.41 Mln. last year. -EPS (Q4): $0.83 vs. $0.79 last year. -Analysts Estimate: $0.82 -Revenue (Q4): $123.39 Mln vs. $136.16 Mln last year.
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