CAMARILLO, Calif. (AP) — CAMARILLO, Calif. (AP) — Semtech Corp. (SMTC) on Thursday reported a loss of $642.4 million in its fiscal fourth quarter.
The Camarillo, California-based company said it had a loss of $9.98 per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The chipmaker posted revenue of $192.9 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $191.2 million.
For the year, the company reported a loss of $1.09 billion, or $17.03 per share. Revenue was reported as $868.8 million.
For the current quarter ending in April, Semtech said it expects revenue in the range of $195 million to $205 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMTC at https://www.zacks.com/ap/SMTC
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