SiTime: Q1 Earnings Snapshot

Associated Press Finance
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SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $16.5 million in its first quarter.

The Santa Clara, California-based company said it had a loss of 76 cents per share. Earnings, adjusted for stock option expense, were 9 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The company posted revenue of $38.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $38 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SITM at https://www.zacks.com/ap/SITM

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