Semtech earnings down but it beat analyst estimates

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Semtech earnings down but it beat analyst estimates

By Staff Report / Thursday, March 12th, 2020 / Comments Off on Semtech earnings down but it beat analyst estimates

Fourth quarter sales slowed for Camarillo semiconductor company Semtech, and net income dropped 78 percent to $2.9 million.  Revenue fell 13.7 percent compared to the same quarter in 2019 to $138 million. Adjusted for restructuring and acquisition related expenses, among other costs, adjusted earnings per share beat analyst estimates by 5 cents.  Mohan Maheswaran, CEO…

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