1 Thing That's Hurting Silicon Motion Technology Stock
On July 30, Silicon Motion (NASDAQ: SIMO), a company that provides controller chips for NAND flash-based storage products, reported its second-quarter financial results.
At a glance, the results weren't great: Revenue hit $132.7 million, representing a 6% year-over-year decline, and operating income dropped to $30.27 million, a reduction of 16.4% from the year prior.
Image source: Intel.
Source: Fool.com