Silicon Laboratories Q1 2024 Adj EPS $(0.92) Beats $(0.98) Estimate, Sales $106.375M Beat $105.084M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories (SLAB) reported Q1 2024 adjusted EPS of $(0.92), surpassing the $(0.98) estimate, with sales of $106.375M exceeding the $105.084M forecast. This represents a 56.90% decrease in sales compared to the same period last year.
April 24, 2024 | 11:11 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Silicon Laboratories reported better-than-expected Q1 2024 earnings and sales, with a significant decrease in sales compared to 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 decrease in sales year-over-year may temper some of the positive momentum, indicating a mixed but overall positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100