SANTA CLARA, Calif. (AP) _ SiTime Corporation (SITM) on Wednesday reported fourth-quarter earnings of $2 million.

The Santa Clara, California-based company said it had net income of 10 cents per share. Earnings, adjusted for stock option expense, were 43 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The company posted revenue of $40.3 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $39.2 million.

For the year, the company reported that its loss widened to $9.4 million, or 58 cents per share. Revenue was reported as $116.2 million.

SiTime shares have increased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $133.46, increasing fivefold in the last 12 months.

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

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