How did SIMO's Q4 2023 earnings surprise investors?

Silicon Motion Technology (SIMO) reported an earnings per share (EPS) surprise of $0.08 for Q4 2023, compared to the last price of $41.12. This positive surprise contributed to a 3% increase in SIMO's stock price following the release of Q3 2023 earnings results and Roth's upgrade.

|code|Ticker|Name|Date|Estimate EPS YoY|Estimate Revenue YoY|market_code|
|---|---|---|---|---|---|---|
|SIMO|SIMO.O|Silicon Motion Technology|20230331|-54.2483660130719|-29.03950491692099|185|
|SIMO|SIMO.O|Silicon Motion Technology|20230630|-72.57142857142857|-49.841879376552974|185|
|SIMO|SIMO.O|Silicon Motion Technology|20230930|-68.87755102040816|-37.077542340700234|185|
|SIMO|SIMO.O|Silicon Motion Technology|20231231|-66.26506024096385|-30.47752336087729|185|

The Q4 2023 earnings surprise reflects SIMO's strong financial performance, which may have positively influenced investor sentiment and contributed to the stock price increase.