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3 Must-See Quotes From Silicon Motion's Earnings Call


Added 02-10-19 08:04:02pm EST - “Don't miss these important insights from the company's management.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “3 Must-See Quotes From Silicon Motion's Earnings Call”. Below is an excerpt from the article.

Storage-oriented chipmaker Silicon Motion (NASDAQ: SIMO) reported its fourth-quarter 2018 earnings results on Jan. 29. The company, which mainly builds controller chips for products such as PC-oriented solid-state drives (SSDs) and smartphone storage, reported revenue of $123.4 million, down 9% from the same period a year ago. Earnings per diluted share were $0.83 on a non-GAAP basis, up about 5% year over year.

The company's outlook for the first quarter of 2019 calls for revenue on a non-GAAP basis to fall between $97.5 million and $103.6 million, down significantly from the $130.3 million it generated in the first quarter of 2018.

To get some additional perspective on the results, the outlook for the first quarter of 2019, and management's longer-term view, here are three must-see quotes from the company's most recent earnings call.

Prices of NAND flash -- a type of computer memory that's used as storage in PCs, smartphones, and data-center servers -- have been on the decline, to the chagrin of major NAND flash memory producers. That pain, however, is Silicon Motion's gain.

Silicon Motion CEO Wallace Kou explained on the earnings call that in 2019, the company thinks its "client SSD controller sales will continue to grow as NAND prices fall further."

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