Here are the key highlights from the earnings report for Semtech Corp (SMTC):
The fourth quarter earnings stood at -$642.4 million which marked a significant drop from -$51.0 million reported for the same period last year. Their EPS (Earnings Per Share) also saw a steep decline from -$0.80 last year to -$9.98 this fourth quarter.
However, after excluding certain items, Semtech Corp's adjusted earnings come to be -$0.06 per share for the period, which differed from analysts' projection of -$0.03 per share.
In terms of revenue, a rise was observed with the Q4 figure reaching $192.9 million in contrast to $167.5 million reported for the same quarter last year.
