Silicon Labs shares rise on strong Q1 forecast

Silicon Laboratories

01/02/2023 17:22

** Shares of Silicon Laboratories Inc  SLAB.O  up ~13.6% at
$178.3
    ** SLAB expects Q1 2023 adj profit in the range of $1.07 -
$1.17/share vs analysts' estimate of $0.77/share - Refinitiv
IBES data
    ** Anticipates current-quarter revenue between $242 mln and
$252 mln vs analysts' estimate of $241.5 mln 
    ** Co also beats profit estimates for Q4; adj profit
$1.31/shr vs estimates of 98 cents
    ** Co's Q4 revenue jumps 23% to $257 mln
    ** Shares of SLAB fell 34.3% in 2022
 (Reporting by Sri Hari N S)
 ((SriHari.NS@thomsonreuters.com;))