FX.co ★ Silicon Laboratories Inc. Q1 Earnings Summary

The latest earnings report for Silicon Laboratories Inc. (SLAB) shows a remarkable contrast from the previous year. In the first quarter, the company suffered a loss of $56.526 million, a steep fall from $13.967 million profit recorded in the same period the prior year. In terms of EPS (Earnings Per Share), the company reported a negative $1.77 in Q1 as opposed to the positive $0.41 in the same period the previous year.

However, once exceptional items are excluded, Silicon Laboratories Inc. reports an adjusted loss of $29.326 million or -$0.92 per share for the period. This is slightly better than what analysts had projected, which was a loss of $0.98 per share. Regarding revenue, it stood at $106.375 million in Q1, a significant drop from the $246.787 million reported in the same period last year.

Looking ahead, Silicon Laboratories Inc. has provided its guidance for the next quarter. The company forecasts an EPS in the range of -$0.58 to -$0.70 and revenue estimates from $135 million to $145 million.