Semtech Reaffirms Q3 Outlook For Net Sales Of $190M-$210M, Est. $204.49M, Adj. Loss Per Share Of $(0.22)-$(0.09), Est $(0.13)
Portfolio Pulse from Benzinga Newsdesk
Semtech has reaffirmed its Q3 outlook for net sales of $190M-$210M, with an estimated average of $204.49M. The company also expects an adjusted loss per share of $(0.22)-$(0.09), with an estimated average of $(0.13).
October 20, 2023 | 11:08 am
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Semtech's reaffirmed Q3 outlook aligns with market expectations, indicating stable financial performance.
Semtech's reaffirmed Q3 outlook is in line with market expectations, suggesting that the company's financial performance is stable. This could potentially maintain investor confidence in the company, but it's unlikely to significantly move the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100