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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 98.86+7.0%3:59 PM EST
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From: Elroy10/8/2024 8:06:42 AM
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TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company's original 46.0% to 47.0% guidance range.
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