KOWLOON, Hong Kong (AP) _ Silicon Motion Technology Corp. (SIMO) on Wednesday reported fourth-quarter profit of $60.6 million.

On a per-share basis, the Kowloon, Hong Kong-based company said it had net income of $1.73. Earnings, adjusted for one-time gains and costs, were $1.90 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The chip company posted revenue of $264.4 million in the period.

For the year, the company reported profit of $199.9 million, or $5.71 per share. Revenue was reported as $922.1 million.

For the current quarter ending in April, Silicon Motion said it expects revenue in the range of $225 million to $238 million.

The company expects full-year revenue in the range of $1.11 billion to $1.2 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIMO at https://www.zacks.com/ap/SIMO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News