Silicon Labs (SLAB) PT Raised to $85 at Drexel Hamilton; IoT Strength Drives Upside

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Silicon Labs Announces First Quarter 2017 Results

April 26, 2017 7:05 AM EDT

AUSTIN, Texas, April 26, 2017 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today reported financial results for its first quarter ended April 1, 2017. Revenue in the first quarter was at the high end of guidance at $179 million, down from $183 million in the fourth quarter. First quarter GAAP and non-GAAP earnings per share (EPS) were $0.36 and $0.63, respectively.

"We are very pleased with our first quarter 2017 financial results, reflecting solid... More