SMTC - Semtech Analysts Boost Their Forecasts After Q4 Results | Benzinga
Semtech Corporation (NASDAQ: SMTC) posted a loss for the fourth quarter on Thursday.
Semtech posted adjusted loss of 6 cents per share, versus market estimates for a loss of 3 cents per share. The company’s quarterly sales came in at $192.95 million, compared to expectations of $196.46 million, according to data from Benzinga Pro.
"End market demand for our semiconductor business has progressed from stable to growing," said Paul H. Pickle, Semtech's president and chief executive officer. "While our hardware business remains constrained, we believe Semtech is well-positioned to benefit from near-term growth trends, particularly in our infrastructure end market."
Semtech shares ...