Semtech 2Q Earnings Fall 36 Percent
Stock quotes in this article:
SMTC
CAMARILLO, Calif. (AP) — Semiconductor maker Semtech Corp. said Wednesday its fiscal 2010 second-quarter earnings fell 36 percent on lower sales and interest income.
The company earned $7.4 million, or 12 cents per share, compared with $11.7 million, or 19 cents per share, in the year-ago quarter. Revenue slipped 15 percent to $66.3 million. Analysts polled by Thomson Reuters forecast a profit of 16 cents per share on $64.5 million in sales. Shares fell 34 cents to $17.19 in aftermarket trading. The stock closed the regular session up 6 cents at $17.53.- Loading Comments...
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