Earnings rise.Earnings Rise: Semtech
Semtech Corporation (NASDAQ: SMTC) is a supplier of analog and mixed-signal semiconductors. Corp. said its net income rose to $12 million or $0.16 per share for the first quarter of its fiscal year 2007 vs. $10.8 million in the year ago period. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the first quarter ended April 30 rose 17 percent to $65.9 million from $56.2 million in the first quarter of fiscal 2006. The Camarillo-based semiconductor supplier said it expects net sales for the second quarter ending July July: see month. 30 to range from flat to a 2 percent increase compared to the first quarter. The company also said it expects net income to be in the $0.15 or $0.16 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share range. Excluding stock-based compensation and other costs, Semtech said it would have expected earnings to fall in the range of $0.19 to $0.20 per share in the second quarter. |
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