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Semtech Corp (NASDAQ:SMTC) reported financial results for the fourth quarter after the market close on Monday. Here’s a rundown of the report.
- Semtech stock is taking a hit today. Why is SMTC stock falling?
Semtech Beats Estimates In Q4
Semtech reported fourth-quarter revenue of $274.4 million, beating analyst estimates of $273.21 million, according to Benzinga Pro. The semiconductor company reported fourth-quarter adjusted earnings of 44 cents per share, beating estimates of 43 cents per share.
Total revenue was up 9% year-over-year and 3% sequentially. Semtech generated $61.5 million of operating cash flow and $59.1 million of free cash flow during …
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