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Semtech Corp Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Semtech Corp (SMTC):

-Earnings: $12.38 million in Q1 vs. $11.82 million in the same period last year.
-EPS: $0.18 in Q1 vs. $0.18 in the same period last year.
-Excluding items, Semtech Corp reported adjusted earnings of $31.99 million or $0.47 per share for the period.
-Analysts projected $0.46 per share
-Revenue: $151.93 million in Q1 vs. $149.08 million in the same period last year.

-Guidance:
Next quarter EPS guidance: $0.50 - $0.58
Next quarter revenue guidance: $155.0 - $167.0 Mln

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