Silicon Motion Technology Q1 Adj. EPS $0.60 Beats $0.45 Estimate, Sales $166.49M Beat $162.69M Estimate

Silicon Motion Technology (NASDAQ:SIMO) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.45 by 33.33 percent. This is a 6.25 percent decrease over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $166.49 million which beat the analyst consensus estimate of $162.69 million by 2.34 percent. This is a 12.05 percent decrease over sales of $189.31 million the same period last year.