08:06 AM EDT, 07/24/2024 (MT Newswires) -- Silicon Laboratories ( SLAB ) reported Q2 loss Wednesday of $2.56 per diluted share, swinging from earnings of $0.33 a year earlier.

Analysts polled by Capital IQ expected a loss of $1.38.

Revenue for the quarter ended June 29 was $145.4 million, compared with $244.9 million a year earlier.

Analysts surveyed by Capital IQ expected $140.2 million.

The company said it expects Q3 loss of $0.95 to $1.25 per diluted share. Analysts polled by Capital IQ expect a loss of $0.83.

The company expects Q3 revenue of $160 million to $170 million. Analysts surveyed by Capital IQ expect $172.9 million.