Lisa Thompson
Growth at reasonable price, research analyst, tech, small-cap

Silicom: Cutting Numbers, Products Slip

Cutting Numbers: Silicom Reports Shortfall and Gives Bleak Guidance for 2014

On July 22, 2014, Silicom Ltd., (NASDAQ:SILC) reported financial results for its second quarter ended June 30, 2014, missing revenues by $2 million and our estimate by $0.06. Revenues for the quarter were $17.9 million, up 14% from a year ago and down sequentially from Q1, in contrast with its usual Q2 results. Non-GAAP fully diluted EPS came in at $0.50 versus $0.48 the year before up only 5.5%. The company cites the loss of a major design win from a 10% customer as the prime cause, but sees weakness across the board in all product lines and all geographies. It is unsure this is just they,

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