FMP

FMP

Enter

Semtech Shares Jump 3% Following Q4 Results

- (Last modified: Mar 29, 2024 5:35 AM)

twitterlinkedinfacebook
blog post cover photo

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.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep