Silicon Laboratories (SLAB) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.64. The company posted revenue of $174.91 million in the period, compared to analysts expectations of $170.55 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Silicon Laboratories closed down -0.58 points or -1.06% at $54.12 with 2,71,497 shares getting traded on Thursday. Post opening the session at $54.73, the shares hit an intraday low of $54.04 and an intraday high of $54.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 22, 2016, John C Hollister (Sr VP and CFO) sold 4,000 shares at $50.00 per share price. According to the SEC, on Jun 7, 2016, William G Bock (director) sold 3,000 shares at $49.78 per share price. On Nov 5, 2015, William P Wood (director) sold 5,000 shares at $50.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Silicon Laboratories Inc. is a provider of silicon software and solutions for the Internet of things (IoT) Internet infrastructure industrial control consumer and automotive markets. The Company provides customers with advantages in performance energy savings connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product. The Company operates through mixed-signal analog intensive products consisting of numerous product areas segment. It serves IoT market including connected home smart lighting and smart energy applications. It provides a range of timing and isolation products for infrastructure applications including high-performance clocks and oscillators. It also provides broadcast products such as television tuners and demodulators and automotive radio tuners and access products including subscriber line interface circuits for voice over Internet Protocol and embedded modems.