Semtech Analysts Raise Their Forecasts After Upbeat Earnings

Semtech Corporation SMTC reported better-than-expected third-quarter financial results and issued fourth-quarter guidance with its midpoint above estimates.Semtech reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of $236.80 million which beat the analyst consensus estimate of $232.06 million.“We are very pleased to report broad-based growth across each of our end markets, and particularly in data center, w ...