Silicon Laboratories Inc. Q1 Profit Drops

(RTTNews) - Silicon Laboratories Inc. (SLAB) announced earnings for first quarter that dropped from the same period last year.

The company's earnings totaled $5.39 million, or $0.12 per share. This compares with $26.41 million, or $0.60 per share, in last year's first quarter.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.4% to $188.11 million from $205.38 million last year.

Silicon Laboratories Inc. earnings at a glance:

-Earnings (Q1): $5.39 Mln. vs. $26.41 Mln. last year. -EPS (Q1): $0.12 vs. $0.60 last year. -Analysts Estimate: $0.47 -Revenue (Q1): $188.11 Mln vs. $205.38 Mln last year.

-Guidance: Next quarter EPS guidance: $0.70 - $0.80 Next quarter revenue guidance: $202 - $212 Bln