Silicon Labs: 4Q Earnings Snapshot

AUSTIN, Texas (AP) _ Silicon Laboratories Inc. (SLAB) on Wednesday reported fourth-quarter net income of $15.1 million, after reporting a loss in the same period a year earlier.

The Austin, Texas-based company said it had profit of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 91 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The chipmaker posted revenue of $215.5 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $224.4 million.

For the year, the company reported profit of $83.6 million, or $1.90 per share. Revenue was reported as $868.3 million.

For the current quarter ending in April, Silicon Labs expects its per-share earnings to range from 42 cents to 52 cents.

The company said it expects revenue in the range of $183 million to $193 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $220.4 million.

Silicon Labs shares have increased 14 percent since the beginning of the year. The stock has fallen 9 percent in the last 12 months.

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