said Friday its first-quarter earnings would be lower than expected and that it expects to post a loss for the quarter.
The integrated circuits maker said it would lose between 3 cents and 5 cents a share in the first quarter. When Silicon Labs
offered guidance previously on Jan. 22, the company said it would break even or make up to 2 cents a share. Four analysts surveyed by
First Call/Thomson Financial
were expecting earnings of a penny a share.
Revenue is now expected to be $13 million to $15 million, down from $16 million to $18 million previously forecast.
The company blamed the lowered outlook on a glutted PC market, which has caused order cancellations and push-outs.