Semtech Corp Q3 Profit Advances 100%

(RTTNews) - Semtech Corp (SMTC) announced earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line climbed to $24.26 million, or $0.37 per share. This was up from $12.10 million, or $0.19 per share, in last year's third quarter.

The company said revenue for the quarter rose 18.5% to $137.19 million. This was up from $115.81 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q3): $24.26 Mln. vs. $12.10 Mln. last year. -Earnings Growth (Y-o-Y): 100.5% -EPS (Q3): $0.37 vs. $0.19 last year. -EPS Growth (Y-o-Y): 94.7% -Revenue (Q3): $137.19 Mln vs. $115.81 Mln last year. -Revenue Change (Y-o-Y): 18.5%

-Guidance: Next quarter EPS guidance: $0.33 - $0.37 Next quarter revenue guidance: $134.0 - $142.0 Mln