FMP
Mar 28, 2024 11:41 PM - Davit Kirakosyan(Last modified: Mar 29, 2024 5:35 AM)
Image credit: FMP
Semtech (NASDAQ:SMTC) experienced a more than 3% increase in its stock price in after-hours trading on Thursday following the announcement of optimistic guidance for the first fiscal quarter of 2025 and surpassing fourth-quarter 2024 revenue forecasts.
In Q4, Semtech reported a loss of $0.06 per share, not meeting the expectations of analysts who had anticipated a smaller loss of $0.04 per share. The company achieved a revenue of $192.9 million during this period, exceeding the forecasted $190.72 million. The gross margin was reported at 48.9%, which is higher than the company's previously provided midpoint guidance and also above the 48% estimate.
For the upcoming Q1/25, Semtech predicted its earnings per share (EPS) to be around $0.00, slightly below the analysts' expectation of $0.01. Additionally, the company expects its revenue for the quarter to reach approximately $200 million, surpassing the consensus estimate of $195.3 million.
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