Semtech earnings beat estimates but stock down after outlook lowered

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Semtech earnings beat estimates but stock down after outlook lowered

By Staff Report / Thursday, March 14th, 2019 / Comments Off on Semtech earnings beat estimates but stock down after outlook lowered

Semiconductor and Internet of Things company Semtech said it had record sales in 2018, and adjusted earnings beat analyst estimates, but a lower outlook for 2019 sent the stock down in after-hours trading. The Camarillo company reported $160 million in net sales for the fourth quarter, ended Jan. 27, and $627.2 million in revenue for…

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