Why Silicon Laboratories Stock Just Dropped 13%
Shares of semiconductor company Silicon Laboratories (NASDAQ: SLAB) fell 13.3% through noon EST on Wednesday after the company reported fiscal Q4 and full-year earnings that fell short of analyst expectations.
Adjusted quarterly EPS of $0.84 on sales of $219.4 million missed Wall Street's projections for an $0.89 profit on sales of $222.1 million.
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Source Fool.com