Silicon Laboratories Inc. Q2 Earnings Advance 319%

(RTTNews) - Silicon Laboratories Inc. (SLAB) released a profit for its second quarter that increased from last year.

The company said its bottom line climbed to $31.75 million, or $0.75 per share. This was up from $7.58 million, or $0.17 per share, in last year's second quarter.

The company said revenue for the quarter rose 6.1% to $174.91 million. This was up from $164.86 million last year.

Silicon Laboratories Inc. earnings at a glance:

-Earnings (Q2): $31.75 Mln. vs. $7.58 Mln. last year. -Earnings Growth (Y-o-Y): 318.9% -EPS (Q2): $0.75 vs. $0.17 last year. -EPS Growth (Y-o-Y): 341.2% -Revenue (Q2): $174.91 Mln vs. $164.86 Mln last year. -Revenue Change (Y-o-Y): 6.1%

-Guidance: Next quarter EPS guidance: $0.61 - $0.67 Next quarter revenue guidance: $171 - $176 Mln