Silicon Motion Moves Higher On Rosy Outlook

Silicon Motion Moves Higher On Rosy Outlook | Investor's Business DailyBREAKING: [Eli Lilly Surges As Obesity Drugs Fuel Strong Earnings, Guidance]---Silicon Motion (SIMO) stock surged Wednesday after the chipmaker guided much higher than views for the current quarter. Late Tuesday, Silicon Motion matched estimates for earnings on higher-than-expected revenue in the fourth quarter. Its adjusted earnings rose 38% year over year to $1.26 a share in the December quarter. Revenue increased 46% to $278.5 million ...