India, May 13 -- Silicon Laboratories, Inc.(SLAB), a fabless semiconductor company, on Tuesday announced that its net loss narrowed in the first quarter on improved revenue, compared with the previous year.
Shares of Silicon Lab are increasing in the pre-market trading.
For the first quarter, net loss narrowed to $30.47 million from $56.53 million in the prior year.
Loss per share was $0.94 versus $1.77 last year.
On an adjusted basis, net loss was $2.74 million, with loss per share of $0.08.
Nine Analysts, on average, had expected the company to report $0.04 per share. Analysts' estimates typically exclude special items.
Operating loss narrowed to $32.08 million from $59.13 million in the previous year.
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