ACLS, and MPWR, I think. SLAB a former SOX component member reported earlier today. It is up over 14% on their report. I cannot get too excited about what is happening right now. The advance decline line on the NASDAQ is not even positive. The SLAB news:
Silicon Labs beats by $0.24, beats on revs; guides Q1 EPS above consensus, revs above consensus
7:10 AM ET 2/7/24 | Briefing.com
Reports Q4 (Dec) loss of $1.19 per share, excluding non-recurring items, $0.24 better than the FactSet Consensus of ($1.43); revenues fell 66.2% year/year to $86.9 mln vs the $85.13 mln FactSet Consensus. Co issues upside guidance for Q1, sees EPS of ($1.04) - ($0.92), excluding non-recurring items, vs. ($1.04) FactSet Consensus; sees Q1 revs of $100-110 mln vs. $99.49 mln FactSet Consensus."Though the market environment remains volatile, with inventory corrections continuing across our end markets, we delivered top and bottom-line results ahead of expectations," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "We expect to return to sequential revenue growth, beginning in the first quarter, as our customers destock their inventories, design wins continue ramping to production, and bookings trends improve." |
