<div id="readability-page-1"><div> <p>(RTTNews) - Wireless connectivity chipmaker Silicon Laboratories Inc. (SLAB) on Tuesday reported first-quarter results, with net loss narrowing from last year, helped by higher revenues and improved margins.</p> <p>Net loss for the quarter was $15.9 million, or $0.48 per share, compared with a loss of $30.5 million, or $0.94 per share, in the same period last year.</p> <p>Revenue increased to $213.5 million from $177.7 million a year ago, driven by strong growth in industrial and commercial applications.</p> <p>Adjusted income was $17.7 million, or $0.53 per share for the quarter. </p> <p>Industrial &amp; Commercial revenue rose 33% year-over-year, while Home &amp; Life revenue increased 5%. </p> <p>Silicon Labs has suspended forward guidance due to its pending acquisition by Texas Instruments. </p> <p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div></div>

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<p>Silicon Laboratories Inc. reported a narrowed net loss of $15.9 million for Q1, compared to $30.5 million last year, aided by revenue growth to $213.5 million from $177.7 million. Adjusted income was $17.7 million. Industrial & Commercial revenue surged 33% year-over-year, while Home & Life revenue rose 5%. The company has suspended forward guidance due to its acquisition by Texas Instruments.</p>

Silicon Labs Q1 Loss Narrows On Revenue Growth