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Semtech Q4 Results: Loss Reported but Adjusted Earnings Top Forecasts - News and Statistics
Semtech Corp. reported a net loss of $29.8 million for its fiscal fourth quarter, or 32 cents per share, but its adjusted earnings of 44 cents per share surpassed analyst estimates of 43 cents. The semiconductor company’s Q4 revenue of $274.4 million also exceeded expectations. For the full fiscal year, Semtech recorded an annual loss of $40.4 million on revenues of $1.05 billion and provided an optimistic outlook for the current quarter.