Silicon Motion Technology Corp. shares fell in the extended session Monday after the flash memory component maker forecast revenue below Wall Street views. Silicon Motion shares declined 7.5% to $40.10 after hours. The company forecast revenue of $121 million to $128 million for the first quarter. Analysts surveyed by FactSet had estimated $135.2 million for the first quarter. For the fourth quarter, the company reported adjusted earnings of 95 cents a share on revenue of $144.2 million. Analysts had expected 90 cents a share on revenue of $141.9 million.
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