Semtech Cuts Losses, Cites Higher Sales, Cost-Cutting
Semtech Corp., a Newbury Park semiconductor maker, reported sharply reduced losses on 11% higher sales for the third fiscal quarter ended Nov. 2.
The company posted a net loss of $195,000, or 11 cents per share, versus a loss of $389,000, or 21 cents a share, for the year-ago period ended Oct. 31. The current quarter’s revenue was $3.4 million, up from $3.1 million.
Gigi Auchter, Semtech’s assistant controller, attributed the improved showing to higher sales and cost cutting. She also said that manufacturing efficiency has been improved.
For detailed data and results of other companies, please see tables, Page 11.
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