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SiTime: Q4 Earnings Snapshot

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported fourth-quarter earnings of $9.2 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of 34 cents. Earnings, adjusted for stock option expense and amortization costs, came to $1.53 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The company posted revenue of $113.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $101.5 million.

For the year, the company reported a loss of $42.9 million, or $1.72 per share. Revenue was reported as $326.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SITM at https://www.zacks.com/ap/SITM

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