SiTime: Fourth Quarter Financial Highlights

SiTime Corporation Surpasses Q4 Earnings Expectations

SiTime Corporation, headquartered in Santa Clara, California, announced a net profit of $9.2 million for the fourth quarter.

The company reported earnings of 34 cents per share. After adjusting for expenses related to stock options and amortization, adjusted earnings reached $1.53 per share.

These figures outperformed analysts’ predictions. According to Zacks Investment Research, the consensus estimate among three analysts was $1.20 per share.

SiTime also reported quarterly revenue of $113.3 million, exceeding the anticipated $101.5 million projected by analysts surveyed by Zacks.

Financial data for this article was sourced from Zacks Investment Research and compiled by Automated Insights.