FX.co ★ Silicon Motion Technology Now Sees Q4 Revenue At Low End Of Outlook

Silicon Motion Technology Corporation (SIMO) announced on Tuesday that it anticipates its fourth-quarter revenue to be at the lower spectrum of its prior projection, which ranged from $191 million to $202 million. For context, the company reported a revenue of $202.4 million in the same quarter the previous year. On average, eight analysts have forecasted the revenue for the quarter to be approximately $196.46 million, usually excluding any special items. The company is set to release its fourth-quarter financial results on February 5.