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Silicom: 4Q Earnings Snapshot

KFAR-SAVA, Israel (AP) _ Silicom Ltd. (SILC) on Thursday reported fourth-quarter net income of $9.9 million.

On a per-share basis, the Kfar-Sava, Israel-based company said it had net income of $1.29. Earnings, adjusted for non-recurring gains, were $1.17 per share.

The provider of servers and network computing appliances posted revenue of $45.5 million in the period.

For the year, the company reported profit of $14.6 million, or $1.91 per share. Revenue was reported as $133.8 million.

For the current quarter ending in April, Silicom said it expects revenue in the range of $30 million to $31 million.

Silicom shares have declined 11 percent since the beginning of the year. The stock has dropped 51 percent 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