Semtech’s Losses Are Less Than in ’84 Period
- Share via
Newbury Park-based Semtech said its losses were $364,000, 20 cents a share, in the second quarter ended Aug. 3, contrasted with $1.7 million, 93 cents a share, a year earlier. The losses during the quarter last year included $1.3 million to recognize the decreased value of some of its inventory and assets.
Semtech said net sales in the quarter fell less than 1% to $3.05 million from $3.06 million a year earlier.
For the first six months of its fiscal year, Semtech’s after-tax loss narrowed to $692,000, or 38 cents a share, from $2.2 million a year earlier, or $1.23 a share. Sales in that period increased 13% to $6.1 million from $5.4 million.
The company makes power rectifiers, devices that control the flow of electricity, used in airplanes.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
