Stock of SiTime Corp. (SITM) is climbing over 29 percent on Thursday morning after the company reported a first-quarter loss that was narrower than Street estimates.
For the quarter, loss stood at $28.7 million or $1.26 a share compared to last year's $19.9 million or $0.89 a share in the first quarter.
Excluding special items, the company revealed a loss of $1.9 million or $0.08 per share compared with profit of $5.5 million or $0.24 per share in year-ago quarter.
However, analysts surveyed by Thomson Reuters estimated a loss of $0.15 per share. Analysts' estimates typically exclude special items.
Revenue declined to $33.02 million from $42.4 million in previous year.
Currently, SiTime's stock is moving up 29.31 percent, to $125.33 over previous close of $96.92 on the Nasdaq. It has traded between $72.39 and $141.99 for the past one year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.