💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Semtech Q1 beats EPS, misses revenue, healthy guidance; shares down 3.5%

Published 05/31/2017, 05:31 PM
© Reuters.  Semtech Q1 beats EPS, misses revenue, healthy guidance; shares down 3.5%
SMTC
-
  • Semtech's (NASDAQ:SMTC) Q1 report beat EPS estimates but missed on revenue. Other key metrics include 60.9% gross margin, 26.6% operating margin, and over $50M split nearly evenly between SG&A and R&D expenses.
  • Q2 guidance includes revenue of $150M to $160M and $0.43 to $0.49 EPS. Consensus estimates put revenue at $152.23M and EPS at $0.44. Guidance also includes gross margin between 60.5% and 61.5% and tax rate between 19% and 23%.
  • Semtech shares are down 3.5% aftermarket.
  • Press Release
  • Previously: Semtech beats by $0.03, misses on revenue (May 31)
  • Now read: Analog Devices: Setting My Target To 0


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.