Silicom Reports Q3 2020 Financial Results
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Silicom (SILC) Tops Q3 EPS by 6c, Revenues Beat
October 29, 2020 8:16 AM EDTSilicom (NASDAQ: SILC) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $28.4 million versus the consensus estimate of $26.68 million.
Guidance for the Fourth Quarter
While remaining cautious due to the continued uncertainty of the market environment, improved visibility leads Management to project revenues of $30 to $31 million for the fourth quarter of 2020.
Silicom's revenues for the third quarter of 2020 totalled $28.4 million, a sequential increase of 23% compared with $23.0 million for the second quarter of 2020 and an 18% increase compared with Q3 2019.On a non-GAAP basis... More