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Why Silicon Laboratories Stock Is Soaring Today

TheMotleyFool

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Why Silicon Laboratories Stock Is Soaring Today

Shares of Silicon Laboratories (NASDAQ: SLAB) were up 19.1% as of 2:04 p.m. EDT on Wednesday after the company delivered revenue and non-GAAP earnings per share (EPS) that were well ahead of estimates.

Revenue grew 39% year over year to $185 million, surpassing the consensus analyst estimate of $175 million. Adjusted EPS was $0.34, crushing expectations for $0.15.