UPDATE: Oppenheimer Upgrades Semtech Corp. (SMTC) to Outperform
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Semtech Announces Third Quarter of Fiscal Year 2017 Results
November 30, 2016 4:30 PM ESTCAMARILLO, Calif., Nov. 30, 2016 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today reported unaudited financial results for its third quarter of fiscal year 2017, which ended October 30, 2016.  Net sales computed in accordance with U.S. generally accepted accounting principles (GAAP), were $137.2 million, which has been reduced by $3.7 million of share-based compensation associated with the previously announced issuance of a Warrant to Comcast. Excluding the offset associated with the Warrant, net sales were $140.9 million (non-GAAP net sales).
Highlights for the Third Fiscal Quarter 2017
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