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Semtech Shares Hammered After Q3 Outlook

Stock Researching
Publish date: Thu, 22 Aug 2013, 08:45 AM
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From Liston Street Pulse:

Chip maker, Semtech Corp. (SMTC) reported 91% increase in the fiscal second-quarter earnings, driven by stronger margins and higher revenue but shares slumped almost 9% in aftermarket hours on Wednesday as the outlook for the current quarter disappointed investors. The Company cited weaker demand, adding that several of its prominent customers (smartphone makers) were relooking […]

The post Semtech Shares Hammered After Q3 Outlook appeared first on Liston Street Pulse.

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