Semtech stock halted after earnings beat, weak guidance

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Semtech Corp. SMTC, +1.

65% shares were halted in the extended session Wednesday after the semiconductor company beat earnings and sales expectations but issued guidance that fell well short of Wall Street predictions. The company reported fourth-quarter net income of $13.3 million, or 20 cents a share, compared with losses of $1.3 million, or 2 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and intangible amortization, among other things, earnings were 55 cents a share.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MongoDB stock gains 12% after earnings beat, bullish guidance.BackAftaThis MikeFrancesa Not bad at all.
Source: MarketWatch - 🏆 3. / 97 Read more »

Eventbrite plunges over 20% after earnings miss and weak guidance (EB) | Markets InsiderEventbrite crashes below its IPO price (EB)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Eventbrite stock plummets 20% after earnings miss, revenue beat
Source: MarketWatch - 🏆 3. / 97 Read more »

Stitch Fix stock soars 20% after earnings beat
Source: CNBC - 🏆 12. / 72 Read more »

Stitch Fix stock climbs more than 14% after earnings beat
Source: MarketWatch - 🏆 3. / 97 Read more »

Goldman Sachs: Buy these fast growers to beat market as overall earnings growth slowsIn an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs. Coors cannabis JV partner HEXO true growth story. Earnings on Thursday for first full quarter since Canada legalized recreational cannabis.
Source: CNBC - 🏆 12. / 72 Read more »

Etsy jumps after beating on earnings and revenue'In a world where automation is changing the nature of work, creativity can't be automated,' Etsy's CEO Josh Silverman talks about the 584% stock price increase that's happened in the 2 years since he joined the company. Business always use to work on new ideas. New ideas begets new businesses. For business the first need is idea and capital is the secondary. If a person is going to start a business without a full planned idea, what will happen to his money it is easy for everyone to understand. Etsy has a brilliant business model. You pay them to post your product to sell on their platform, then they charge you to advertise on their platform; they know your income, and take all your profits in advertising; you work for them.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman: Tesla's earnings and deliveries likely to disappoint this quarter so sell the stockGoldman's 12-month price target is $210, representing a 25 percent drop from here. For a quarter? Is they how far they look ahead? i sold at 345...I said it was going to 195 2 months ago No thanks Goldman you fud starter
Source: CNBC - 🏆 12. / 72 Read more »