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Silicom: 1Q Earnings Snapshot

KFAR-SAVA, Israel (AP) _ Silicom Ltd. (SILC) on Monday reported first-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Kfar-Sava, Israel-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The provider of servers and network computing appliances posted revenue of $30.2 million in the period.

For the current quarter ending in July, Silicom said it expects revenue in the range of $25 million to $26 million.

Silicom shares have risen 12% since the beginning of the year. The stock has climbed 7.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SILC at https://www.zacks.com/ap/SILC