SANTA CLARA, Calif. (AP) _ SiTime Corporation (SITM) on Wednesday reported third-quarter net income of $14 million.

On a per-share basis, the Santa Clara, California-based company said it had profit of 66 cents. Earnings, adjusted for stock option expense, were $1.03 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The company posted revenue of $63 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $58 million.

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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