Silicon Labs Weathers Macro Headwinds With IoT Growth
Silicon Laboratories (NASDAQ: SLAB) released second-quarter 2019 results early Wednesday. Just as management suggested would be the case three months ago, the company highlighted a moderated year-over-year revenue decline thanks largely to the sustained momentum of its budding Internet of Things (IoT) segment.
Shares of the fabless semiconductor specialist are up around 6% in afternoon trading as of this writing. So let's dig deeper for a better idea of what Silicon Labs has accomplished over the past few months and what investors should be watching next.
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