Yahoo Finance Silicon Laboratories First Quarter 2024 Earnings: Beats Expectations
Silicon Laboratories (NASDAQ:SLAB) First Quarter 2024 Results
Key Financial Results
Revenue: US$106.4m (down 57% from 1Q 2023).
Net loss: US$56.5m (down from US$14.0m profit in 1Q 2023).
US$1.77 loss per share (down from US$0.44 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silicon Laboratories Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are down 6.0% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Silicon Laboratories' balance sheet.
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