Semtech Corp Q3 adjusted earnings of $0.63 per share

(RTTNews) - Semtech Corp (SMTC) released a profit for third quarter that declined from the same period last year.

The company's profit totaled $12.16 million, or $0.18 per share. This compares with $13.34 million, or $0.20 per share, in last year's third quarter.

Excluding items, Semtech Corp reported adjusted earnings of $43.07 million or $0.63 per share for the period.

The company's revenue for the quarter rose 15.5% to $173.55 million from $150.30 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q3): $43.07 Mln. vs. $32.55 Mln. last year. -EPS (Q3): $0.63 vs. $0.48 last year. -Revenue (Q3): $173.55 Mln vs. $150.30 Mln last year.

-Guidance: Next quarter EPS guidance: $0.53 - $0.57 Next quarter revenue guidance: $155.0 - $165.0 Mln