Recap: Silicon Laboratories Q3 Earnings

Shares of Silicon Laboratories SLAB were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were down 23.96% year over year to $0.73, which were in line with the estimate of $0.73.

Revenue of $221,350,000 decreased by 0.87% from the same period last year, which beat the estimate of $213,040,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 28, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/slab/mediaframe/41242/indexr.html

Technicals

Company's 52-week high was at $122.90

52-week low: $65.09

Price action over last quarter: down 2.74%

Company Overview

Silicon Laboratories develops semiconductors, software, and system solutions for the "Internet of Things," Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, mixed-signal analog intensive products, consisting of diverse product areas, which the company groups into four categories: Internet of Things, broadcast, infrastructure and access. The Internet of Things category is the largest contributor to the company's total revenue. Geographically, the company mainly operates in the United States and China, with the U.S. the largest source of revenue.