Silicon Labs Q4 Results Miss View; Outlook Weak

(RTTNews) - Silicon Laboratories Inc. (SLAB) on Wednesday reported net income for the fourth quarter of $15.15 million or $0.35 per share, compared to net loss of $4.85 million or $0.11 per share in the year-ago period. Excluding items, adjusted earnings for the quarter were $0.91 per share. Revenues for the quarter grew to $215.53 million from $201.02 million in the prior-year quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.94 per share for the quarter on revenues of $224.24 million. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, Silicon Labs said that in light of macro uncertainty and volatility, it expects revenue in a range of $183 million to $193 million, with IoT, Infrastructure, Broadcast and Access down.

The company forecasts first-quarter reported loss per share between $0.11 and $0.01, and adjusted earnings per share between $0.42 and $0.52.

The Street expects earnings of $0.82 per share for the quarter on revenues of $219.45 million.