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SiTime: Q1 Earnings Snapshot

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $5.2 million in its first quarter.

The Santa Clara, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were $1.44 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The company posted revenue of $113.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $102.5 million.

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

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