Silicon Labs Announces First Quarter 2016 Results
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April 27, 2016 2:19 PM EDT
Drexel Hamilton analyst Cody Acree reiterated a Buy rating and boosted his price target on Silicon Labs (NASDAQ: SLAB) to $52.00 (from $49.00) following a solid 'beat and raise' driven by IoT and infrastructure growth.
Acree highlighted:
SLAB continued what has been a fairly strong earnings season for the semi sector, with a strong beat and raise, driven by strength in its IoT and Infrastructure divisions, which account for 2/3 of sales.SLAB is hitting a solid and extendable stride in its IoT business, is...
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April 27, 2016 9:44 AM EDT
Silicon Labs (NASDAQ: SLAB) is seeing strong early upside following EPS. Shares are up 6.7%.
Silicon Labs reported Q1 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $162 million versus the consensus estimate of $159.7 million.
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April 27, 2016 8:28 AM EDT
Silicon Labs (NASDAQ: SLAB) reported Q1 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $162 million versus the consensus estimate of $159.7 million.
For earnings history and earnings-related data on Silicon Labs (SLAB) click here.
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