Silicon Motion Technology Q3 Adj. EPS $1.00 Beats $0.80 Estimate, Sales $241.999M Beat $224.431M Estimate

Silicon Motion Technology (NASDAQ:SIMO) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.80 by 25.63 percent. This is a 8.7 percent increase over earnings of $0.92 per share from the same period last year. The company reported quarterly sales of $241.999 million which beat the analyst consensus estimate of $224.431 million by 7.83 percent. This is a 13.93 percent increase over sales of $212.412 million the same period last year.