Silicon Laboratories Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 203.76 million compared to USD 269.82 million a year ago. Net income was USD 10.35 million compared to USD 21 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.6 a year ago.
For the nine months, sales was USD 695.41 million compared to USD 766.78 million a year ago. Net income was USD 35.27 million compared to USD 66.04 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 1.79 a year ago.