Semtech Corp Earnings Rise 127% In Q4

(RTTNews) - Semtech Corp (SMTC) revealed a profit for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $24.5 million, or $0.37 per share. This was higher than $10.80 million, or $0.17 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.6% to $141.8 million. This was up from $118.61 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q4): $24.5 Mln. vs. $10.80 Mln. last year. -Earnings Growth (Y-o-Y): 126.9% -EPS (Q4): $0.37 vs. $0.17 last year. -EPS Growth (Y-o-Y): 117.6% -Analysts Estimate: $0.35 -Revenue (Q4): $141.8 Mln vs. $118.61 Mln last year. -Revenue Change (Y-o-Y): 19.6%

-Guidance: Next quarter EPS guidance: $0.39 - $0.43 Next quarter revenue guidance: $142.0 - $150.0 Mln