UPDATE 2-Britain fines Pfizer record $107 mln for huge drug price hike
* Drugmakers dispute decision and plan to appeal (Adds Flynn reaction, more on generic drug price controversy)
* 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 [ID: nASA00ELX]
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 Saumyadeb Chakrabarty)
TAIPEI, Dec 7 Taiwan's exports in November grew at their strongest pace in nearly four years, as global retailers stocked up on the island's hi-tech gadgets for the year-end shopping season, but analysts said momentum will fade as seasonal demand peaks.
MUMBAI, Dec 7 India's central bank unexpectedly kept its policy repo rate unchanged at 6.25 percent on Wednesday, despite calls for action as an intense cash shortage threatens to slam the brakes on the world's fastest growing large economy.