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 anticipated EPS of $1.13 on revenue of $270.12M.
Silicon Labs shares are up 3% from the beginning of the year, still down 43.14% from its 52 week high of $211.98 set on January 3.
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, compared to forecasts 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, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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