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Why Silicon Motion Technology Stock Is Trading Higher Friday

Benzinga
 2021-07-30

Silicon Motion Technology (NASDAQ:SIMO) shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also reported guidance figures. "We delivered better than expected revenue in the second quarter, primarily because of our focus on sales of higher-value products," said Wallace Kou, President and CEO...

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