SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — SiTime Corporation (SITM) on Wednesday reported a loss of $28.7 million in its first quarter.

The Santa Clara, California-based company said it had a loss of $1.26 per share. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The company posted revenue of $33 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $32 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

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News