Silicon Laboratories shares are trading lower after the company reported Q1 financial results and issued Q2 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories shares dropped following the announcement of Q1 financial results and Q2 adjusted EPS guidance that fell short of expectations.
April 24, 2024 | 3:01 pm
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Silicon Laboratories reported Q1 financial results and provided Q2 adjusted EPS guidance below analyst estimates, leading to a decrease in share price.
The share price of Silicon Laboratories is likely to go down in the short term due to the company's Q1 financial performance and the lower-than-expected Q2 adjusted EPS guidance. This news directly impacts investor sentiment and could lead to a decrease in stock value as it falls short of market expectations.
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