Why Silicon Laboratories, Inc. Stock Popped Today
Shares of Silicon Laboratories (NASDAQ: SLAB) rose 11% on Wednesday after the fabless semiconductor specialist announced strong second-quarter 2017 results.
Quarterly revenue rose 8.7% year over year to $190.1 million, and translated to 6.5% growth in GAAP net income to $16.6 million, or $0.38 per diluted share. On an adjusted basis, which excludes items like stock-based compensation and acquisition expenses, Silicon Labs generated earnings of $0.79 per share. By comparison, three months ago, Silicon Labs told investors to expect second-quarter revenue of $184 million to $189 million, GAAP net income per share of $0.27 to $0.33, and adjusted net income per share between $0.68 and $0.74.
IMAGE SOURCE: SILICON LABS.
Source: Fool.com
Silicon Labs Inc. Aktie
103,00 €
-1,90 %
Die Silicon Labs Inc. Aktie erhält mehrere Buy-Einschätzungen, übersteigt die Sell-Zahlen.
Ein prognostiziertes Kursziel von 140 € für Silicon Labs Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 103.0 €.
