Silicon Laboratories, Inc. (NASDAQ:SLAB) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SLAB to report 3Q20 income of $ 0.73 per share.
For the full year, analysts anticipate top line of $ 849.82 million, while looking forward to income of $ 2.87 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.67 ~ $ 0.77 per share, while revenues are expected in a range of $ 208.00 million ~ $ 218.00 million
Click Here For More Historical Outlooks Of Silicon Laboratories, Inc.
Previous Quarter Performance
Silicon Laboratories, Inc. disclosed income for the second quarter of $ 0.74 per share, from the revenue of $ 207.53 million. The quarterly earnings 10.84 percent while revenues swell 0.40 percent compared with the same quarter last year.
According to street consensus, SLAB was expected to report 2Q20 income of $ 0.57 per share from revenue of $ 199.58 million. The bottom line results beat street analysts by $ 0.17 or 29.82 percent, at the same time, top line results outshined analysts by $ 7.95 million or 3.98 percent.
Stock Performance
Shares of Silicon Laboratories, Inc. traded low $ -2.01 or -1.97 percent on Tuesday, reaching $ 99.93 with volume of 238.10 thousand shares. Silicon Laboratories, Inc. has traded high as $ 103.00 and has cracked $ 99.47 on the downward trend
According to the previous trading day, closing price of $ 99.93, representing a 56.61 % increase from the 52 week low of $ 65.09 and a 17.05 % decrease over the 52 week high of $ 122.90.
The company has a market capital of $ 4.38 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Silicon Laboratories, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.silabs.com
Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors. It also provides infrastructure products, such as timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and analog TV demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and radio ICs.
