Semtech Corp (SMTC) Tops Q3 EPS by 6c, Offers Q4 Guidance, Raises Buyback Plan by $50M
Tweet
Share
E-mailGet Alerts SMTC Hot Sheet
Price: $174.73 +10.43%
Revenue Growth %: +16.7%
Financial Fact:
Net Sales: 137.19M
Today's EPS Names:
OCCI, MAYS, CRMT, More
Revenue Growth %: +16.7%
Financial Fact:
Net Sales: 137.19M
Today's EPS Names:
OCCI, MAYS, CRMT, More
Join SI Premium – FREE
Semtech Corp (NASDAQ: SMTC) reported Q3 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $124 million versus the consensus estimate of $123.03 million.
Semtech Corp sees Q4 2011 EPS of $0.27-$0.33, versus the consensus of $0.43. Semtech Corp sees Q4 2011 revenue of $102-$108 million, versus the consensus of $117.71 million.
The company also announced that its Board of Directors approved increasing the existing stock repurchase authorization by $50 million. Prior to the increase, the company had $20 million remaining in the authorization implemented in March 2008 and amended in August 2011.
Semtech Corp sees Q4 2011 EPS of $0.27-$0.33, versus the consensus of $0.43. Semtech Corp sees Q4 2011 revenue of $102-$108 million, versus the consensus of $117.71 million.
The company also announced that its Board of Directors approved increasing the existing stock repurchase authorization by $50 million. Prior to the increase, the company had $20 million remaining in the authorization implemented in March 2008 and amended in August 2011.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Semtech Corp. (SMTC) PT Raised to $215 at TD Cowen
- Ericsson repurchases 4.8 million shares for SEK 539 million
- John Wiley & Sons, Inc. (WLYB) Tops Q4 EPS by 12c; Offers Outlook
Create E-mail Alert Related Categories
Earnings, Guidance, Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
