Semtech Q3 2024 Adj. EPS $0.02 Beats $(0.13) Estimate, Revenue $200.9M Misses $204.487M Estimate
Portfolio Pulse from Benzinga Newsdesk
Semtech Corporation reported its Q3 2024 adjusted earnings per share (EPS) of $0.02, surpassing the estimated $(0.13). However, the company's revenue of $200.9M fell short of the expected $204.487M.
December 06, 2023 | 9:36 pm
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NEUTRAL IMPACT
Semtech's Q3 2024 earnings beat EPS estimates but missed revenue forecasts, indicating mixed financial performance.
The positive EPS beat suggests operational efficiency or cost control, which could be viewed favorably by investors. However, the revenue miss indicates potential challenges in sales or market demand, which may offset the positive EPS impact. The mixed results lead to a neutral short-term score, as the market may need time to digest both aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100