Silicon Laboratories Q2 2024 Adj EPS $(0.56) Beats $(0.64) Estimate, Sales $145.00M Beat $140.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories (NASDAQ:SLAB) reported Q2 2024 adjusted EPS of $(0.56), beating the estimate of $(0.64). Sales were $145.00M, surpassing the $140.16M estimate. However, sales decreased by 40.78% compared to the same period last year.
July 24, 2024 | 11:06 am
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POSITIVE IMPACT
Silicon Laboratories reported better-than-expected Q2 2024 EPS and sales, but sales were significantly down year-over-year.
The better-than-expected EPS and sales figures are positive short-term indicators for SLAB's stock price. However, the significant year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100