Silicon Laboratories Q2 Adj. EPS $1.04 Beats $1.03 Estimate, Sales $244.87M Beat $242.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories reported Q2 earnings of $1.04 per share, beating the analyst consensus estimate of $1.03 by 0.97%. However, this is a 11.11% decrease from last year. The company also reported quarterly sales of $244.87 million, beating the estimate of $242.94 million by 0.79%, but this is a 6.95% decrease from last year.
July 26, 2023 | 11:06 am
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NEUTRAL IMPACT
Silicon Laboratories reported better than expected Q2 earnings and sales, but both are down from last year.
While Silicon Laboratories beat the estimates, the year-on-year decreases in earnings and sales could potentially offset the positive impact of beating the estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100