Silicon Motion Technology: Jumps on Q3 profit, revenue beat

Silicon Motion Technology

30/10/2019 14:38

** Storage device maker's  SIMO.O  shares rise as much as
13.15% to $44.13 - hitting over a three-month high
    ** If gains hold, stock set for its highest intra-day pct.
gain in over 11 months 
    ** Company's profit exceeds expectations for the sixth time
in at least eight qtrs; revenue also beats est. 
    ** SIMO's performance boosted by higher sales across
products 
    ** Stock among best performers across U.S. exchanges 
    ** Including session's gains, stock up ~26% so far this year

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))