Semtech Corp Q2 adjusted earnings of $0.55 per share

(RTTNews) - Semtech Corp (SMTC) announced a profit for its second quarter that advanced from the same period last year.

The company's bottom line totaled $25.17 million, or $0.37 per share. This compares with $12.56 million, or $0.19 per share, in last year's second quarter.

Excluding items, Semtech Corp reported adjusted earnings of $37.63 million or $0.55 per share for the period.

The company's revenue for the quarter rose 6.6% to $163.21 million from $153.13 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q2): $37.63 Mln. vs. $30.25 Mln. last year. -EPS (Q2): $0.55 vs. $0.45 last year. -Revenue (Q2): $163.21 Mln vs. $153.13 Mln last year.

-Guidance: Next quarter EPS guidance: $0.58 - $0.64 Next quarter revenue guidance: $168 - $178 Mln