Silicon Labs (SLAB) Misses Q4 EPS by 3c, Revenues Miss; Offers Q1 EPS Guidance Below Consensus

January 30, 2019 7:09 AM

Silicon Labs (NASDAQ: SLAB) reported Q4 EPS of $0.91, $0.03 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $215.53 million versus the consensus estimate of $224.24 million.

"We are proud of our performance in 2018, which was a strong year for Silicon Labs in many dimensions. We completed the successful acquisition of Z-Wave, strengthened our team, and grew our revenue and design wins to record levels," said Tyson Tuttle, CEO of Silicon Labs. "Despite current volatility, we remain confident about our longer-term ability to outperform the market. We are focused on executing on our product roadmaps and converting a large pipeline of opportunities into additional wins and share gains. The technologies we are developing are enabling our customers to transform industries and improve lives."

GUIDANCE:

Silicon Labs sees Q1 2019 EPS of $0.42-$0.52, versus the consensus of $0.82.

For earnings history and earnings-related data on Silicon Labs (SLAB) click here.

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