Silicon Motion Technology (NASDAQ:SIMO) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.98 by 13.27 percent. This is a 38.75 percent increase over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $182.40 million which beat the analyst consensus estimate of $168.97 million by 7.95 percent. This is a 37.38 percent increase over sales of $132.77 million the same period last year.
Barclays Upgrades Avis Budget Gr to Equal-Weight, Raises Price Target to $245
Barclays analyst Brian Johnson upgrades Avis Budget Gr (NASDAQ:CAR) from Underweight to Equal-Weight and raises the price target from $164 to $245.
