Silicon Laboratories Q3 Adj. EPS $0.62 Beats $0.61 Estimate, Sales $203.76M Beat $200.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories (NASDAQ:SLAB) reported Q3 adjusted earnings of $0.62 per share, beating the analyst consensus estimate of $0.61 by 1.64%. The company also reported quarterly sales of $203.76 million, surpassing the analyst consensus estimate of $200.24 million by 1.76%. However, this represents a 24.48% decrease in sales compared to the same period last year.
November 01, 2023 | 11:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Silicon Laboratories reported better than expected Q3 earnings and sales, but experienced a significant decrease in sales compared to last year.
While Silicon Laboratories beat Q3 earnings and sales estimates, the significant decrease in sales compared to the same period last year could potentially offset the positive impact of the earnings beat. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100