Investing.com - Semtech reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Semtech announced earnings per share of $0.87 on revenue of $209.25M. Analysts polled by Investing.com EPS of $0.853 on revenue of $208.29M.
Semtech 's are down 38% and is trading at $46.19 , still down 51.34% from its 52 week high of $94.92 set on Monday, November 22, 2021.
Semtech follows other major Information Technology sector earnings this month
Semtech's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, for EPS of $0.8162 on revenue of $12.73B.
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