Silicon Motion Releases Preliminary Q2 Results, Declares Dividend

Silicon Motion (NASDAQ: SIMO  ) has put up a few updated numbers in anticipation of its upcoming Q2 results announcement. The company believes it will post revenue that will be flat on a quarter-over-quarter basis, a projection below its original guidance of 5%-10% growth. In Q1, the firm's top line was $57.4 million.

Gross margin on a non-GAAP basis, however, is expected to be 47%-49%, an improvement over the former guidance of 45%-47%.

The firm will unveil those Q2 results after market close on July 29.

Meanwhile, Silicon Motion declared a quarterly dividend. This is to be $0.15 per each of the company's American depositary shares, to be dispensed on Aug. 8 to shareholders of record as of Aug. 1. That amount annualizes to $0.60 per share, yielding 5.7% at the company's most recent closing stock price of $10.53.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2521693, ~/Articles/ArticleHandler.aspx, 5/22/2015 9:14:14 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...