Why Semtech Stock Popped, Then Dropped, on Thursday

Not all Semtech's news was bad last night -- but it wasn't nearly as great as you may have heard. Semtech (SMTC 0.16%) investors were all set for a banner day. Last night, the maker of semiconductors for Internet-of-Things applications announced its results for the first quarter of fiscal year 2025, ended April 28. The results included a stunning $0.06-per-share profit where analysts had predicted no profit at all, and reported$206.1 million in sales where the Street was expecting only $200.2 million. Shar ...