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Semtech Corp Q1 adjusted earnings of $0.34 per share

Semtech Corp (SMTC) released earnings for its first quarter that advanced from the same period last year.

The company's bottom line came in at $13.29 million, or $0.20 per share. This compares with $12.38 million, or $0.18 per share, in last year's first quarter.

Excluding items, Semtech Corp reported adjusted earnings of $23.01 million or $0.34 per share for the period.

The company's revenue for the quarter rose 0.7% to $131.35 million from $130.43 million last year.

Semtech Corp earnings at a glance:

-Earnings (Q1): $23.01 Mln. vs. $14.17 Mln. last year.
-EPS (Q1): $0.34 vs. $0.21 last year.
-Revenue (Q1): $131.35 Mln vs. $130.43 Mln last year.

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