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.
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The material has been provided by InstaForex Company - www.instaforex.com