SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $25.9 million in its second quarter.
The Santa Clara, California-based company said it had a loss of $1.17 per share. Losses, adjusted for stock option expense, came to 22 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The company posted revenue of $27.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $26.5 million.
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