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

Silicon Laboratories

24/07/2024 15:31

* Silicon Laboratories Inc  SLAB.OQ  reported a quarterly
adjusted
loss of 56 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.04.  The mean expectation of eleven analysts for the
quarter was for a loss of 64 cents per share. Wall Street
expected results to range from -65 cents to -62 cents per share.
    * Revenue fell 40.6% to $145.37 million from a year ago;
analysts
expected $140.16 million. 
    * Silicon Laboratories Inc's reported EPS for the quarter
was a
loss of $2.56​.
    * The company reported a quarterly loss of $82.16 million.
    * Silicon Laboratories Inc shares had risen by 5.1% this
quarter and lost 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "hold"

Wall Street's median 12-month price target for Silicon
Laboratories Inc is $145.00 
This summary was machine generated from LSEG data July 24 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.64          -0.56          Beat
 Mar. 31 2024      -0.98          -0.92          Beat
 Dec. 31 2023      -1.43          -1.19          Beat
 Sep. 30 2023      0.61           0.62           Beat