Silicom Ltd jumps on strong Q3 results

Silicom

31/10/2022 13:59

** Shares of  networking and data infrastructure solutions
company Silicom Ltd  SILC.O  rise as much as 15% to more than
nine-month high of $45.78
    ** Stock last up ~13%, on course for best since January 2019
    ** Company says Q3 revenue rose 19% to $39.2 mln
    ** SILC's Q3 net income rose to $6 mln, or 88 cents per
share, from $2.6 mln, or 38 cents, a year earlier
    ** Company expects Q4 revenue between $43 mln and $45 mln
    ** Company's shares down ~19% this year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))