Semtech Q4 Adj EPS $(0.06) Misses $(0.03) Estimate, Sales $192.95M Miss $196.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Semtech reported Q4 adjusted EPS of $(0.06), missing the $(0.03) estimate, with sales of $192.95M also missing the $196.46M estimate. This represents a 15.18% increase over last year's sales of $167.51M.
March 28, 2024 | 8:16 pm
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Semtech's Q4 earnings missed estimates with an adjusted EPS of $(0.06) and sales of $192.95M, missing the forecast but showing a 15.18% YOY increase.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth might mitigate some negative impact.
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IMPORTANCE 90
RELEVANCE 100