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Update: SiTime Shares Gain After Q2 Adjusted Earnings, Revenue Rise

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(Updates with the latest stock price movement in the headline and the first paragraph.)

SiTime (SITM) shares rose more than 21% in Thursday trading after the company's Q2 results exceeded market expectations.

The company reported Q2 adjusted earnings late Wednesday of $2.34 per diluted share, up from $0.47 a year earlier.

Analysts polled by FactSet expected $1.95.

Revenue for the three months ended June 30 was $157.4 million, up from $69.5 million a year earlier.

Analysts expected $146.5 million.

Price: $658.12, Change: $+115.00, Percent Change: +21.17%

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