Semtech Corp Q4 Earnings Drop 53%

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

The company said its profit came in at $10.80 million, or $0.17 per share. This was down from $23.09 million, or $0.34 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.0% to $118.61 million. This was down from $130.39 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q4): $10.80 Mln. vs. $23.09 Mln. last year. -Earnings Decline (Y-o-Y): -53.2% -EPS (Q4): $0.17 vs. $0.34 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.16 -Revenue (Q4): $118.61 Mln vs. $130.39 Mln last year. -Revenue Change (Y-o-Y): -9.0%

-Guidance: Next quarter EPS guidance: $0.26 - $0.30 Next quarter revenue guidance: $124 - $132 Mln