Semtech Corp. SMTC, +1.
65% shares were halted in the extended session Wednesday after the semiconductor company beat earnings and sales expectations but issued guidance that fell well short of Wall Street predictions. The company reported fourth-quarter net income of $13.3 million, or 20 cents a share, compared with losses of $1.3 million, or 2 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and intangible amortization, among other things, earnings were 55 cents a share.
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