Investing.com - Sitime Corp reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sitime Corp announced earnings per share of $0.97 on revenue of $73.1M. Analysts polled by Investing.com anticipated EPS of $0.86 on revenue of $85.61M.
Sitime Corp shares are down 42% from the beginning of the year, still down 74.42% from its 52 week high of $341.77 set on December 9, 2021.
Sitime Corp shares lost 2.77% in after-hours trade following the report.
Sitime Corp follows other major Information Technology sector earnings this month
Sitime Corp's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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