Semtech Corp. shares rallied in the extended session Thursday after the analog and mixed-signal chipmaker swung to a surprise profit. Semtech shares surged...
Semtech Corp.
shares rallied in the extended session Thursday after the analog and mixed-signal chipmaker swung to a surprise profit. Semtech shares surged as much as 14% after hours, following a 1.5% gain in the regular session to close at $22.43. The company reported a fiscal first-quarter loss of $29.4 million, or 46 cents a share, versus net income of $38 million, or 59 cents a share, in the year-ago period.
shares rallied in the extended session Thursday after the analog and mixed-signal chipmaker swung to a surprise profit. Semtech shares surged as much as 14% after hours, following a 1.5% gain in the regular session to close at $22.43. The company reported a fiscal first-quarter loss of $29.4 million, or 46 cents a share, versus net income of $38 million, or 59 cents a share, in the year-ago period.
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