News
Semtech Updates Expectations For Fourth Quarter Of Fiscal Year 2009
January 22, 2009 by Jeff Shepard
Semtech Corp. updated its expectation for the fourth quarter of fiscal year 2009 ending January 25, 2009. The company now expects fourth quarter revenue to be between $61 million and $63 million, an estimated decline of 21 to 23% from the third quarter of fiscal year 2009 due to continued weakness in end demand as a result of worsening global economic conditions. Non-GAAP earnings per share are now expected to be between $0.13 and $0.15.
The company’s previous guidance issued on November 19, 2008 was for revenue to be down sequentially in the range of 10 to 20% and Non-GAAP earnings per share to be between $0.15 and $0.20.
