Silicon Motion Technology Q3 Adj. EPS $4.35 Beats $3.33 Estimate, Sales $560.200M Beat $529.103M Estimate

Silicon Motion Technology (NASDAQ:SIMO) reported quarterly earnings of $4.35 per share which beat the analyst consensus estimate of $3.33 by 30.63 percent. This is a 335 percent increase over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $560.200 million which beat the analyst consensus estimate of $529.103 million by 5.88 percent. This is a 131.49 percent increase over sales of $241.999 million the same period last year.