Silicon Laboratories Inc reports results for the quarter ended June 30 - Earnings Summary

• Silicon Laboratories Inc SLAB reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -56 cents. The mean expectation of eleven analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 9 cents to 10 cents per share.

• Revenue rose 32.7% to $192.85 million from a year ago; analysts expected $192.56 million.

• Silicon Laboratories Inc's reported EPS for the quarter was a loss of 67 cents​.

• The company reported a quarterly loss of $21.82 million.

• Silicon Laboratories Inc shares had fallen by 9.4% this quarter and gained 7.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 205.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Silicon Laboratories Inc is $153.50, about 13% above its last closing price of $133.55

This summary was machine generated from LSEG data August 5 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)