{"id":6110,"date":"2023-11-02T15:43:59","date_gmt":"2023-11-02T15:43:59","guid":{"rendered":"https:\/\/connectwithfund.com\/investment\/silicon-laboratories-shares-hit-3-year-low-on-bleak-4q-guidance\/"},"modified":"2023-11-02T15:44:00","modified_gmt":"2023-11-02T15:44:00","slug":"silicon-laboratories-shares-hit-3-year-low-on-bleak-4q-guidance","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=6110","title":{"rendered":"Silicon Laboratories Shares Hit 3-Year Low on Bleak 4Q Guidance"},"content":{"rendered":"
\n

By Dean Seal<\/p>\n

Shares of Silicon Laboratories hit a three-year low after the company guided for an unexpected fourth-quarter loss on revenue that’s less than half of what analysts had been forecasting.<\/p>\n

The stock fell 19% to a low of $74.56 in early trading. Shares have dropped 42% year-to-date and haven’t traded this low since March 2020.<\/p>\n

\n

The Austin-based wireless-technology company said it expects to post an adjusted loss of between $1.22 and $1.66 a share for the fourth quarter on revenue of $70 million to $100 million.<\/p>\n

Analysts surveyed by FactSet had been expecting adjusted earnings of 67 cents on $206.5 million in revenue.<\/p>\n

The weak guidance comes after the company logged third-quarter results that met or exceeded expectations.<\/p>\n

Silicon Laboratories posted a profit of $10.3 million, or 32 cents a share, compared with $21 million, or 60 cents a share, in the same quarter a year ago.<\/p>\n

Adjusted earnings, which strip out one-time items, topped analyst projections by a penny at 62 cents a share, according to FactSet.<\/p>\n

Revenue fell to $203.8 million from $269.8 million a year ago, clearing forecasts for $200.1 million.<\/p>\n

Write to Dean Seal at dean.seal@wsj.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Dean Seal Shares of Silicon Laboratories hit a three-year low after the company guided for an unexpected fourth-quarter loss on revenue that’s less than half of what analysts had been forecasting. The stock fell 19% to a low of $74.56 in early trading. Shares have dropped 42% year-to-date and haven’t traded this low since March 2020. The Austin-based wireless-technology company said it expects to post an adjusted loss of between $1.22 and $1.66 a share for the fourth quarter on revenue of $70 million to $100 million. Analysts surveyed by FactSet had been expecting adjusted earnings of 67 cents<\/p>\n","protected":false},"author":1,"featured_media":322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-6110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"yoast_head":"\nSilicon Laboratories Shares Hit 3-Year Low on Bleak 4Q Guidance | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"By Dean Seal Shares of Silicon Laboratories hit a three-year low after the company guided for an unexpected fourth-quarter loss on revenue that's less\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=6110\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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