Silicom Ltd. (SILC) reported first quarter non-GAAP EPS of $0.57 Thursday morning, compared to $0.46 last year. The consensus estimate was for EPS of $0.53. Revenues came in at $19.0 million, a 26% increase from $15.0 million a year ago. Analysts expected revenues of $18.79 million.
Silicom gapped open lower Thursday and has since steadily declined on above average volume. The stock is now down 11.53 at $46.25 and has dropped to a 3-month low.
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