Silicom Reports Q3 2019 Financial Results
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Silicom (SILC) Tops Q3 EPS by 7c, Revenues Beat; Offers Q4 Revenue Guidance Below Consensus
October 31, 2019 8:35 AM EDTSilicom (NASDAQ: SILC) reported Q3 EPS of $0.34, $0.07 better than the analyst estimate of $0.27. Revenue for the quarter came in at $24.1 million versus the consensus estimate of $23.62 million.
Comments of Management
Shaike Orbach, Silicom's President and CEO, commented, "The third quarter was another profitable period with revenues in line with our guidance and positive cash flow. While still not reflected in our top line results, we believe that both of our strategic growth drivers including Edge for SDWAN/NFV and networking-related FPGAs are closer than ever to ramp-up. We expect both to... More
