Semtech (SMTC) Tops Q3 EPS by 4c, Slight Beat on Revenues; Offers Q4 EPS/Revenue Outlook Below Consensus
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Price: $32.64 +1.78%
Revenue Growth %: -17.4%
Financial Fact:
Intangible amortization: 6.29M
Today's EPS Names:
SFST, VLTO, CLIR, More
Revenue Growth %: -17.4%
Financial Fact:
Intangible amortization: 6.29M
Today's EPS Names:
SFST, VLTO, CLIR, More
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Semtech (NASDAQ: SMTC) reported Q3 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $155.63 million.
Non-GAAP Fourth Quarter of Fiscal Year 2018 Outlook
- Non-GAAP net sales are expected to be in the range of $138.0 million to $142.0 million
- Non-GAAP gross margin is expected to be in the range of 61.0% to 62.0%
- Non-GAAP SG&A expense is expected to be in the range of $26.0 million to $27.0 million
- Non-GAAP R&D expense is expected to be in the range of $23.0 million to $24.0 million
- Non-GAAP Interest and other expense is expected to be approximately $2.0 million
- Non-GAAP tax rate is expected to be in the range of 16% to 20%
- Non-GAAP earnings per diluted share are expected to be in the range of $0.40 to $0.42
GUIDANCE:
Semtech sees Q4 2018 EPS of $0.40-$0.42, versus the consensus of $0.47. Semtech sees Q4 2018 revenue of $138-142 million, versus the consensus of $152.97 million.
For earnings history and earnings-related data on Semtech (SMTC) click here.
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