SiTime: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:57 PM ET
Last Updated - Jun 21, 2023, 11:11 PM EDT
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $16.5 million in its first quarter.
The Santa Clara, California-based company said it had a loss of 76 cents per share. Earnings, adjusted for stock option expense, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The company posted revenue of $38.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $38 million.
