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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 EPS of $0.86 on revenue of $85.61M.
Sitime Corp 's are down 42% and is trading at $85.00 , still down 74.42% from its 52 week high of $341.77 set on Thursday, December 9, 2021.
Sitime Corp shares lost 2.77% to trade at $85.00 in after-hours trade the report.
Sitime Corp follows other major Information Technology sector earnings this month
Sitime Corp's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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