Benzinga | Jun 2, 2021 04:16PM EDT

Semtech Q1 EPS $0.53 Beats $0.52 Estimate, Sales $170.40M Beat $164.31M Estimate

Semtech (NASDAQ:SMTC) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.52 by 1.92 percent. This is a 51.43 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $170.40 million which beat the analyst consensus estimate of $164.31 million by 3.71 percent. This is a 28.41 percent increase over sales of $132.70 million the same period last year.