Why Silicon Labs Stock Glows Green Today
Silicon Labs (NASDAQ: SLAB) stock skyrocketed 48% through 11:25 a.m. ET Wednesday after announcing its Q4 results -- and more importantly, also announcing Texas Instruments (NASDAQ: TXN) will buy it.
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Silicon Labs beat earnings in its Q4 report. Analysts expected the semiconductor stock to earn $0.55 per share on sales of $207.6 million. Silicon Labs beat on both top and bottom lines, reporting $0.56 per share (adjusted) on $208 million in sales.
Source Fool.com
