* Q1 adj EPS of $0.35 vs est. $0.28
* Q1 rev $101.9 mln vs est. $94.6 mln
* Sees Q2 adj shr $0.37-$0.39, above Street
* Shares up 6 pct in after-market trade
May 26 Chipmaker Semtech Corp (SMTC.O) posted a
better-than-expected quarterly profit helped by a surge in
revenue and bookings, signalling an increase in demand in its
end markets, sending shares up 6 percent.
The company also provided second-quarter outlook that was
well ahead of Street Expectations. For the alerts, click on
Semtech expects second-quarter adjusted profit of 37 cents
to 39 cents a share. It expects revenue to increase 6 percent
to 10 percent, sequentially.
Analysts were expecting earnings of 29 cents a share, on
revenue of $97.4 million.
For the first-quarter ended May 2, the company posted net
income of $10.8 million, or 17 cents a share, compared with
$4.9 million, or 8 cents a share a year earlier.
Excluding special items, Semtech earned 35 cents a share,
beating market estimates of 28 cents a share, according to
Thomson Reuters I/B/E/S.
Revenue rose 70 percent to $101.9 million, above analysts'
expectations of $94.6 million.
Shares of the Camarillo, California-based company closed at
$17.94 Wednesday on Nasdaq.
(Reporting by Sudipto Ganguly in Bangalore; Editing by