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Technology Stocks : Silicon Laboratories - SLAB

SLAB 134.38

-0.2%

Dec 26 9:30 AM EST

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To: Wizard who wrote (73)	10/26/2004 11:00:51 PM
From: Dan3	Read Replies (1) of 76

After the closing bell Monday, integrated circuits designer Silicon Laboratories Inc. announced its third quarter financial results reporting earnings that rose from last year and beat estimates on higher revenues. Silicon Laboratories posted adjusted net income for the quarter of $22.0 million or $0.40 per share, comapared with $15.12 million or $0.29 per share in the same quarter last year, excluding non-cash charges for amortization of deferred stock compensation. The company reported third quarter GAAP net income of $21.04 million or $0.39 per share compared to $13.93 million or $0.26 per share in the same quarter last year. Revenues for the quarter increased to $121 million from $82.9 million in the same quarter of last year. And then it gets a 20% haircut. What's up with that?

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