Silicon Motion Technology Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Silicon Motion Technology Corp. (SIMO) reported fourth-quarter net income of $11.92 million or $0.35 per ADS, compared to $5.42 million or $0.16 per ADS, prior year. Adjusted earnings per ADS was $0.48, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $80.50 million from $52.49 million last year. Analysts expected revenue of $80.61 million for the quarter.

For the first quarter of 2015, the company expects: revenue to decrease 5% to 0% sequentially. For full-year 2015, the company expects: revenue to increase 15 % to 25 % as compared to full-year 2014.