Silicon Labs Q3 Profit Decreases - Quick Facts

(RTTNews) - Silicon Labs (SLAB) reported third quarter net income decreased to $5.61 million or $0.13 per share from $6.53 million or $0.15 per share, last year. Non-GAAP net income was $22.95 million or $0.52 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $158.14 million from $146.93 million, a year ago. Analysts expected revenue of $155.00 million for the quarter. The company expects revenue in the fourth quarter to be in the range of $155 million to $161 million and anticipates another record in its Broad-based products. Fourth quarter earnings per share are expected to be between $0.12 and $0.18 on a GAAP basis and between $0.43 and $0.49 on a non-GAAP basis. Analysts expect the company to report fourth-quarter earnings per share of $0.45 on revenue of $152.30 million.