Semtech income falls but second quarter results beat estimates

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Semtech income falls but second quarter results beat estimates

By Staff Report / Wednesday, August 28th, 2019 / Comments Off on Semtech income falls but second quarter results beat estimates

An ongoing dispute between the U.S. and Chinese electronics maker Hauwei sent net sales for Camarillo semiconductor firm Semtech down 16 percent in the second quarter, the company reported Aug. 28. The results beat analyst estimates with $137.1 million in revenue, but showed in a steep drop in net income for the Internet of Things…

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