Silicon Motion Jumps On Positive Day For Chip Stocks
Silicon Motion Technology (SIMO) delivered an upbeat second-quarter earnings report, which drove SIMO stock higher on Thursday. It was a positive day overall for chip stocks. Taiwan-based Silicon Motion late Wednesday said it earned an adjusted $2.43 per U.S. share in the June quarter, beating the consensus estimate of $2.13. Earnings surged 252% year over year. It was the company's…
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