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Semtech earnings beat estimates but stock down after outlook lowered

By   /   Thursday, March 14th, 2019  /   Comments Off on Semtech earnings beat estimates but stock down after outlook lowered

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Semiconductor and Internet of Things company Semtech said it had record sales in 2018, and adjusted earnings beat analyst estimates, but a lower outlook for 2019 sent the stock down in after-hours trading. The Camarillo company reported $160 million in net sales for the fourth quarter, ended Jan. 27, and $627.2 million in revenue for…

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