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Why Silicon Labs Shares Fell 15% Last Month

TheMotleyFool

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Why Silicon Labs Shares Fell 15% Last MonthPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Shares of Silicon Labs (NASDAQ: SLAB) fell 15.2% in January 2020, according to data from S&P Global Market Intelligence. The designer of embedded semiconductors posted disappointing fourth-quarter results near the end of the month, driving share prices 13% lower in a single day.

Adjusted fourth-quarter earnings fell 8% year over year, landing at $0.84 per share. Revenue rose by 2% to $219 million. Your average analyst had been looking for earnings near $0.89 per share on sales of roughly $222 million. Silicon Labs saw slow orders from the automotive and industrial Internet of Things markets along with exaggerated seasonal swings in smart-home devices.

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Source Fool.com

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