Standard Microsystems Corp. (SMSC) reported fourth quarter adjusted net income of $0.05 per share after the bell Tuesday, down from $0.26 per share last year. The consensus estimate was for a loss of $0.17. First quarter EPS is expected to be between $0.29 and $0.38, compared to the consensus estimate of $0.27.
Standard Microsystems gapped up sharply Wednesday and climbed during the first hour of trade. Profit taking set in as the session progressed, but the stock closed higher by 2.11 at $26.34, with volume at a 9-month high. The stock set a month and a half high and re-crossed its 50-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.