Silicon Laboratories Q4 Adj. EPS $(1.19) Beats $(1.43) Estimate, Sales $86.84M Beat $85.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories (NASDAQ:SLAB) reported Q4 adjusted EPS of $(1.19), surpassing the $(1.43) estimate, and sales of $86.84M, exceeding the $85.21M estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.
February 07, 2024 | 12:07 pm
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Silicon Laboratories reported better-than-expected Q4 results, with adjusted EPS and sales surpassing analyst estimates, despite a significant decrease from the previous year.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the significant year-over-year declines in earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
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