Silicom reports record revenues and beats estimates for Q2
Shares of Silicom Ltd. (NASDAQ: SILC) galloped out of the gate this morning after reporting record revenue for the second quarter and beating analyst earnings estimates.
For the three months ended June 30, the provider of connectivity solutions reported net income of $1.6 million, or $0.25 per diluted share, compared with $0.32 million, or $0.06 per share (basic and diluted) for the second quarter last year. An analyst polled by Thomson Financial expected earnings of $0.20 per share.
Silicom booked record revenues for the second quarter of $6.6 million, compared with $3.6 million for the second quarter of 2006. An analyst polled by Thomson Financial expected revenues of $6.5 million.
Shares of Silicom jumped 11.85%, or $2.57, to $24.25 out of the gate this morning.
