Semtech Q2 Adj. EPS $0.65 Beats $0.62 Estimate, Sales $185.00M Beat $182.55M Estimate

Semtech (NASDAQ:SMTC) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.62 by 4.84 percent. This is a 51.16 percent increase over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $185.00 million which beat the analyst consensus estimate of $182.55 million by 1.34 percent. This is a 28.78 percent increase over sales of $143.66 million the same period last year.