TECH - Silicon Labs Sales Dip In Q4 But Eyes Turnaround in Q1 Stock Soars | Benzinga
Silicon Laboratories Inc (NASDAQ:SLAB) reported fourth-quarter FY23 sales of $86.85 million, down 66.3% Y/Y, beating the consensus of $85.21 million.
The fabless global technology company’s adjusted EPS loss of $(1.19) beat the consensus loss of $(1.43).
Margins: Adjusted gross margin of 50.9% and adjusted operating margin loss of (53.8)% fell from 61.3% and 18.9% a year ago, respectively.
Industrial & Commercial revenue for the ...