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Fly News Breaks for August 1, 2017
SIMO
Aug 1, 2017 | 07:32 EDT
Loop Capital analyst Betsy Van Hees noted Silicon Motion's revised FY17 guidance is below her "Street low" estimates and called out the magnitude of the company's revenue guide down as a "considerable negative surprise." Van Hees, who has recommended investors remain patient with Silicon Motion shares, said that the company's bad news "might not all be out on the table" ahead of its earnings conference call, which will be held at 8 am ET.
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