Silicon Laboratories Inc. Earnings Rise 237% In Q1

(RTTNews) - Silicon Laboratories Inc. (SLAB) announced a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line climbed to $21.47 million, or $0.51 per share. This was higher than $6.38 million, or $0.15 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.0% to $162.03 million. This was down from $163.70 million last year.

Silicon Laboratories Inc. earnings at a glance:

-Earnings (Q1): $21.47 Mln. vs. $6.38 Mln. last year. -Earnings Growth (Y-o-Y): 236.5% -EPS (Q1): $0.51 vs. $0.15 last year. -EPS Growth (Y-o-Y): 240.0% -Analysts Estimate: $0.45 -Revenue (Q1): $162.03 Mln vs. $163.70 Mln last year. -Revenue Change (Y-o-Y): -1.0%

-Guidance: Next quarter EPS guidance: $0.61 - $0.67 Next quarter revenue guidance: $168 - $173 Mln