Silicon Laboratories Q1 Profit Declines - Quick Facts

(RTTNews) - Silicon Laboratories Inc. (SLAB) reported that its first-quarter net income decreased to $8.11 million or $0.18 per share, from $20.03 million or $0.46 per share, previous year. On a non-GAAP basis, earnings per share were $0.42, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $145.69 million from $145.37 million. Analysts expected revenue of $143.98 million for the quarter.

The company expects revenue in the second quarter to be in the range of $147 million to $151 million. Second-quarter earnings per share are expected to be between $0.15 and $0.19 on a GAAP basis and between $0.43 and $0.47 on a non-GAAP basis. Analysts expect the company to report second-quarter earnings per share of $0.49 on revenue of $149.84 million.