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Investing.com - Silicon Labs reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Silicon Labs announced earnings per share of $1.21 on revenue of $270.00. Analysts polled by Investing.com EPS of $1.13 on revenue of $270.12M.
Silicon Labs 's are up 3% and is trading at $120.54 , still down 43.14% from its 52 week high of $211.98 set on Monday, January 3, 2022.
Silicon Labs follows other major Information Technology sector earnings this month
Silicon Labs's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, for EPS of $1.87 on revenue of $7.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar