Silicon Laboratories Inc reports results for the quarter ended in June - Earnings Summary

Silicon Laboratories

26/07/2023 15:31

* Silicon Laboratories Inc  SLAB.OQ  reported quarterly
adjusted
earnings of $1.04​​ per share for the quarter ended in June. The
mean expectation of eleven analysts for the quarter was
for earnings of $1.03 per share.
    * Revenue fell 6.9% to $244.87 million from a year ago;
analysts
expected $242.94 million. 
    * Silicon Laboratories Inc's reported EPS for the quarter
was 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Silicon Laboratories Inc shares had risen by 0.6% this
quarter and gained 17.0% so far this year.
    * The company reported quarterly net income of $10.96
million.
    * Wall Street's median 12-month price target for Silicon
Laboratories Inc is $180.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 02:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.03           1.04           Beat
 Mar. 31 2023      1.11           1.12           Beat
 Dec. 31 2022      0.98           1.31           Beat
 Sep. 30 2022      1.12           1.21           Beat