Sitime Corporation shares rise 5.36% premarket after reporting Q2 earnings that topped Wall Street expectations.

Sitime Corporation rose 5.36% in premarket trading, with the company reporting a loss of $20.2 million in its second quarter. However, the company's earnings, adjusted for stock option expense and amortization costs, came to 47 cents per share, exceeding Wall Street expectations of 29 cents per share. The company also posted revenue of $69.5 million, which topped Street forecasts of $64.6 million.