Semtech: Fiscal Q4 Earnings Snapshot : vimarsana.com

Semtech: Fiscal Q4 Earnings Snapshot


Semtech: Fiscal Q4 Earnings Snapshot
March 17, 2021
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CAMARILLO, Calif. (AP) _ Semtech Corp. (SMTC) on Wednesday reported fiscal fourth-quarter earnings of $15.7 million.
On a per-share basis, the Camarillo, California-based company said it had net income of 24 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 51 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The chipmaker posted revenue of $164.7 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $158.4 million.
For the year, the company reported profit of $59.9 million, or 91 cents per share. Revenue was reported as $595.1 million.

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