Semtech Sees Q3 EPS $(0.22)-$(0.09) Vs $0.11 Est.; Revenue $190M-$210M Vs $247.68M Est
Portfolio Pulse from Benzinga Newsdesk
Semtech Corporation (SMTC) has projected its Q3 earnings per share (EPS) to be between $(0.22) and $(0.09), which is lower than the estimated $0.11. The company also expects its revenue to be between $190M and $210M, falling short of the estimated $247.68M.
September 13, 2023 | 8:21 pm
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NEGATIVE IMPACT
Semtech's lower than expected Q3 EPS and revenue projections could negatively impact its stock price in the short term.
Semtech's projected Q3 EPS and revenue are both lower than estimates. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100