Silicon Labs jumps on strong Q1 revenue forecast

Silicon Laboratories

07/02/2024 17:20

** Shares of wireless tech firm Silicon Labs  SLAB.O  rise
12.5% to $133.04
    ** Co expects first-quarter revenue to be between $100 to
$110 million compared to analysts' average expectation of $98.8
mln - LSEG data
    ** Co posts Q4 revenue of $86.85 mln vs analysts' average
estimate of $85.2 mln 
    ** Including the session's move, stock down 27.9% in the
last 12 months

    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))