Silicon Laboratories (SLAB) Reports Q3 Loss, Tops Revenue Estimates
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Silicon Laboratories (SLAB) reported a Q3 loss of $0.13 per share, which was better than the expected loss of $0.21 per share. This is a decline from last year's earnings of $0.62 per share.
November 05, 2024 | 12:30 pm
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Silicon Laboratories reported a Q3 loss of $0.13 per share, better than the expected $0.21 loss, but a decline from last year's $0.62 earnings per share.
The better-than-expected earnings report is likely to have a positive short-term impact on SLAB's stock price, despite the year-over-year decline in earnings. Investors often react positively to companies beating consensus estimates.
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