SANTA CLARA, Calif. (AP) 鈥� SANTA CLARA, Calif. (AP) 鈥� SiTime Corporation (SITM) on Wednesday reported second-quarter profit of $18.2 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of 66 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were $2.34 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The company posted revenue of $157.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $145.1 million.
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