Silicon Laboratories Inc. Announces 165% Increase In Q4 Earnings

(RTTNews) - Silicon Laboratories Inc. (SLAB) reported a profit for its fourth quarter that climbed from last year.

The company said its bottom line rose to $26.55 million, or $0.63 per share. This was up from $10.02 million, or $0.23 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 1.2% to $160.07 million. This was down from $161.95 million last year.

Silicon Laboratories Inc. earnings at a glance:

-Earnings (Q4): $26.55 Mln. vs. $10.02 Mln. last year. -Earnings Growth (Y-o-Y): 165.0% -EPS (Q4): $0.63 vs. $0.23 last year. -EPS Growth (Y-o-Y): 173.9% -Revenue (Q4): $160.07 Mln vs. $161.95 Mln last year. -Revenue Change (Y-o-Y): -1.2%

-Guidance: Next quarter EPS guidance: $0.42 - $0.48 Next quarter revenue guidance: $157- $162 Mln