Semtech Beats on Q4 Estimates, Q1 Guidance
Semtech has reported its Q4 and 2013 results. For the quarter, net sales amounted to $151 million, up 45% from the same period the previous year. Net profit was $33 million ($0.49 per diluted share), compared to Q4 2012's $22 million ($0.32).
On average, analysts were anticipating $149 million in top line, and EPS of $0.43.
For the full year, net sales were $579 million, or just over 20% above the 2011 figure of $481 million. Net profit landed at $115 million ($1.70 per diluted share), against fiscal 2012's $120 million ($1.78).
Semtech also provided guidance for its current quarter. It believes net sales will come in at $154 million-$162 million, capital expenditures will reach about $10 million, and EPS will total $0.43-$0.49.Analysts had been modeling $153 million and $0.45, respectively.
The article Semtech Beats on Q4 Estimates, Q1 Guidance originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Semtech. The Motley Fool has no position in Semtech. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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