Semtech

(SMTC) - Get Semtech Corporation Report

said it will meet Wall Street's fourth-quarter earnings expectations, but indicated that revenue for the period would be flat on a sequential basis.

Seven analysts polled by

First Call/Thomson Financial

are calling for the company to earn 23 cents a share for the quarter, and Semtech said it is poised to achieve that estimate. The company posted a profit of 15 cents a share in the year-ago period.

Image placeholder title

TheStreet Recommends

The semiconductor maker, which is based in Newbury Park, Calif., said fourth-quarter revenue should be flat with third-quarter levels, lower than the initially expected 7% to 9% growth.

The company blamed the revenue shortcoming on a reduction in orders by customers and a temporary slowdown in demand for certain communications equipment. Semtech also said revenue for the first quarter should be sequentially flat with fourth-quarter totals, but resume growth in the second quarter. For 2001, the company expects revenue to grow by 47% and income to more than double.

Shares of Semtech ended regular session

Nasdaq

trading at $22.19 and fell to $21.13 in recent after-hours

Island

activity.