Semtech Result 04/11/15

Semtech Corp reported a net loss for Q3 2015 of $313,000, compared to a net profit of $17.9 million a year ago. Turnover for the period declined 14% YoY to $125 million, down from $145 million. The 6 month period showed a net loss of $455,000, compared to a net profit of $25 million a year ago. Turnover for the same period declined just over 8% at $255 million, from $278 million. Turnover decline across the segments along with a restructuring charge was responsible for the downturn.